Portfolio

Koret

Investment terms

Investment size
ILS 400,000
Investment type
5 year interest bearing loan
Investment focus
Local Economic Development & Employment

Koret Israel Economic Development Funds (KIEDF) provides non-bank loans for small and micro-businesses operated by entrepreneurs of Ethiopian descent.

Through its microfinancing fund, KIEDF provides non-bank loans for businesses operated by entrepreneurs of Ethiopian descent. KIEDF has created and sustained more than 60,000 private sector jobs. KIEDF was established as an Israeli non-profit in 1994 to demonstrate that philanthropic funds could be used efficiently to stimulate economic development and employment opportunities in Israel’s private sector.

www.kiedf.net