Small businesses are a central part of the Arab economy in Israel. Over 65% of Arab families make their living through the small business sector. The lack of access to financial services, specifically credit, pushes many to the dangerous grey market.
During the COVID crisis, KIEDF developed this nonbank loan fund for small businesses from the Arab sector and has since expanded into Mixed Citries. The Funds provide loans up to NIS 100,000.
To date, over 250 loans have been provided with over NIS 18 Million in credit.