A large percentage of Arab-Israeli families make their living through the small business sector. Unfortunately, different government and banking credit programmes and products do not meet their needs, while no social credit programme targets the Arab sector. Credit shortages send many to the grey market, a move that can endanger business owners and their families.
The KIEDF loan fund ensures the continued operation of these businesses after a particularly difficult COVID-19 year.
Social Space TLV is a centre for social activism and impact innovation. Founded in 2019 on the site of the former ‘Pussycat’ strip club, its mission is to develop a more socially active society by providing a place for educational groups and the business sector to discuss, learn and experience the meaning of social activism.
The Si3 loan will allow the development of the ’Social Space Accommodation’, which will function as an income generating arm of the Social Space. It will offer cheap accommodation for educational groups, such as UJIA Birthright, who will then be able to experience the Social Space TLV programme during their stay.
Investment terms
Investment size
ILS 500,000
Investment type
4 year interest bearing loan
Investment focus
Local Economic Development