The Israel Free Loan Association (IFLA) is the largest interest free loan organization in the world. Since its inception only 20 years ago, the IFLA has lent out nearly $152 million to over 40,000 low income families and struggling small businesses. IFLA loans, based on millennia of Jewish tradition, are completely interest free.
Loan Funds And Economic Development In the Center Of Israel, the Jewish Agency. The Loan Funds Initiative is one of the Jewish Agency’s most successful programs for creating employment opportunities, impacting Israeli society and stimulating the economy. The KATI Jerusalem Fund which supports initiatives in the Jerusalem area was established by New York communities.
Association of Americans and Canadians in Israel (AACI) provides small business loans for AACI members. AACI is in partnership with the Koret Foundation’s Israel Economic Development Fund (KIEDF) and has established a small business loan program for AACI members. The Los Angeles and Miami Jewish Federations have helped make this possible. Loans can be for up to 5 years and for up to NIS 300,000. They can be used for either starting a new business or expanding an existing one.
Koret Israel Economic Development Funds (KIEDF), an Israeli Amutah (NGO), was established in 1994 to stimulate economic development and employment opportunity in the private sector in Israel. KIEDF is recognized throughout Israel as the preeminent philanthropic source of credit and business services.
See also these documents in English about KIEDF: