Koret Israel Economic Development Funds

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Amount:
$100,000
Year:
2020
Field of Interest:
Economic Development
Program Name:
Grant Type:
Israel
Grant Website
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ORGANIZATION DESCRIPTION

Founded in 1994, Koret Israel Economic Development Funds (KIEDF) is a leading Israeli NGO in the field of SME (Small and Medium Enterprises) credit and microfinance services. KIEDF aspires to create employment opportunities and social equality in the Israeli private sector, focusing on economically and socially marginalized populations. In 2006, KIEDF developed the first non-bank micro-lending program in Israel, as a key component of its microfinance services.

GRANT PURPOSE

To mitigate the economic hardships faced by The Foundation’s grantees in Israel, resulting from the COVID-19 pandemic, and to help them achieve long-term organizational sustainability.

The Jewish Community Foundation of Los Angeles has partnered with KIEDF ‎for many years. The Foundation was one of our original supporters, helping us ‎to establish important programs for business development and expansion. Now The Foundation is helping to ensure COVID-19 does not prevent KIEDF ‎from delivering those services and providing them with assistance not available ‎from other sources.

Carl Kaplan, Managing Director & Chagit Rubinstein, Vice ‎President