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Koret Israel Economic Development Funds - KIEDF

קרנות קורת ישראל - עמותה לפיתוח כלכלי
580233211
Est. 1993

Koret Israel Economic Development Funds - KIEDF (קרנות קורת ישראל - עמותה לפיתוח כלכלי) is a registered Israeli nonprofit (amuta), registration no. 580233211, based in הרצליה, founded in 1993. It holds Section 46 approval, so donations to it are tax-deductible in Israel. It holds a certificate of proper management (Nihul Takin).

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About

KIEDF, an Israeli non profit operating since 1994, aspires to create employment opportunity and social equality in the Israeli private sector, focusing on economically and socially marginalized populations. Since inception, KIEDF has provided bank guarantees to over 10,220 loans to ‎small and micro businesses enabling ‎‏₪‏‎1.77B/$460M in credit. KIEDF ‎developed the bank guarantee model in Israel, now since adopted by other ‎financial organizations and government bodies.‎ Since 2006, KIEDF has provided more than 16,500 non-bank loans combined ‎with business services. In 2006, KIEDF developed the first nonbank micro-‎lending program in Israel, as a key component of our microfinance services. ‎SAWA started operating among Bedouin women in the Negev, using the group ‎solidarity model developed by Nobel Prize winner, Professor Muhammad ‎Yunus from Bangladesh. After overwhelming success in the south, the ‎program expanded throughout the country and currently provides services to ‎diverse populations including Bedouin, Arab and Druze low income women. ‎The Israeli Ministry of the Economy became a partner in the Sawa program for ‎women in the Arab sector since 2011, providing 50% matching support. The ‎Ministry of the Economy sites Sawa as its most successful public-private ‎partnership and the most impactful program for business development.‎
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Housing and urban developmentInternational relationsCommunity and society

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