for the Encouragement of Private Initiatives
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KIEDF is facilitating NIS 600 million of bank credit via Bank Leumi for new and expanding small and medium-sized businesses in the Negev, Gilboa and Galilee regions.
These funds facilitate access to credit for business owners unable to secure bank financing by deploying assets as loan guarantees.
"When I was stuck, Koret helped me get the financing that enabled me to get back on my feet." - Raviv Schiller, Schiller Ltd. [ VIEW SUCCESSES]
The fund provides guarantees to facilitate credit for Arab Israeli small businesses owners lacking sufficient securities.
"Three entrepreneurial brothers left their village to set up shop in Tel Aviv-Jaffa. KIEDF helped them get started." [ VIEW SUCCESSES]
This innovative fund combines loans with business training to help develop micro-businesses led by Bedouin, Arab and Jewish women having difficulties obtaining credit from banks.
"With a loan from SAWA, Asiyah started her own pita bakery."
[ VIEW SUCCESSES]
This new fund, in partnership with Bank Hapoalim, provides guarantees for loans of up to 30,000 shekels for micro-enterprises, mainly for women facing barriers in raising credit.
This fund joins other KIEDF Micro Credit initiatives assisting entrepreneurs in disadvantaged communities. [ VIEW SUCCESSES]
Year-long training programs assist groups of mostly women from disadvantaged populations seeking to improve their situations by developing small businesses.
Through the KIEDF course, Mommo learned key business management skills that have improved his store's profitability. [ VIEW SUCCESSES]
The Jerusalem Post, January 10, 2013 KIEDF has facilitated 11,500 loans, $300,00,000 in credit supporting 50,000 new and existing jobs.
The Times of Israel, April 4, 2012 The Koret fund is the fuel for the engine of thousands of small businesses in Israel, providing small but crucial amounts for businesses that can’t get the money they need from banks.
ISRAEL21c, Aug. 10, 2011 KIEDF has united with the San Francisco-based non-profit organization Kiva Microfunds in a groundbreaking venture aimed at helping Bedouin women of the Negev, Arab Israelis in northern Israel and other low-income sectors of Israeli society.
The new fund, the first of its kind in Israel, will provide loans of up to NIS 30,000 for microenterprise development. For more information, contact Iman at 04-6895287 or email email@example.com.
J Weekly, Dec.23, 2010
Kiva’s first and only partnership in Israel allows
individuals to help bring economic stability to the region (Acrobat format) View Kiva.org Partner Page
|) Yediot Aharonot, 9.17.10 (Hebrew article, Acrobat format,
List highlights business leaders and social entrepreneurs contributing to the improvement of Israeli society. The Marker, Sept. 2010 (Acrobat format)
Jeff Farber, Koret Foundation CEO, believes it’s time Jewish philanthropy stopped operating like a charity.
The Jerusalem Post, 4.27.10 (Reprint with photos in Acrobat (PDF) format)