KIEDF is an Israeli NGO established in 1994 upon the initiative of the Koret Foundation of San Francisco to stimulate economic development and employment opportunity in the private sector in Israel.
Small & Medium Business Funds
Leveraging loan guarantees to small businesses across Israel, KIEDF has facilitated nearly $325 million to over 8,000 businesses in partnership with Bank Otzar Hachayal, Bank Leumi, and the Arab Israel Bank
Outreach to low income populations across Israel and supporting the creation of thousands of microenterprises through credit, business training, and technical assistance. Initiated in 2004, the programmes have helped over 6,000 low income families.
SAWA – Non-Bank Loans
Non-bank direct loans of $500-$5,000 are given individually or through solidarity group methodology from a revolving loan fund for business development. The programme model is based on outreach to potential clients and providing services in villages and neighbourhoods, working with Bedouin women in the Negev. After overwhelming success, the programme was expanded to Arab women across Israel and to different Jewish populations.
Micro Credit Loan Fund
Security free loans of up to 30,000 NIS through a partnership with Bank Hapoalim to low income entrepreneurs facing barriers to financing.
20 June 2016
"The story is that there’s a population who has zero access to credit: women in Arab villages," said Ran Kiviti, Small and Medium Business Agency at the Economy Ministry.
"This group doesn’t exist in the banking system, they get National Insurance through the postal bank, which isn’t really a bank, and they don’t have a way to establish credit," he added.