{4F805597-AC32-42F4-9EE2-BAD88CE3B8B2} Help for Small Businesses in North Improves Stability
Search Advanced
Home About Us Making History Connecting to Israel Doing Jewish Donate Now Contact Us 
You are here :   Doing Jewish Community Building News 2009 Help for Small Businesses in North Improves Stability
Community Building
Young Communities
Business Loans
Student Scholarships
Shnat Kehilla
Student Villages
"Choosing Tomorrow"
Daroma & Tsafona
Help for Small Businesses in North Improves Stability

A project to help enhance employment opportunities in the north of Israel through loans and financial advice to new and existing small businesses that we established two years ago in the aftermath of the Second Lebanon War, has given loans with a total value of some $16.5 million at an attractive rate of interest and with a simplified guarantor procedure to 350 businesses and advice, the cost of which we subsidize, to 1,200. Each individual loan can be up to some $87,000.

A survey carried out over this period shows that while 60% of the businesses we helped reported that they were financially stable at the start of the war, by its end, this had gone down to 48%. The program has succeeded in raising this figure to 63%, despite the current difficult economic situation; while in addition, the businesses helped have created 800 new jobs.

Send to A Friend
Back to Top
Sunday 23 November, 2014 (c) All rights reserved to the Jewish Agency יום ראשון א' כסלו תשע"ה