- 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.