Full coverage· Economy· Updated
North American Jewish Federations Fund Israeli Businesses With $240 Million
The Jewish Federations of North America (JFNA) has provided over $240 million in loans to 4,132 small Israeli businesses since October 7th. Israeli President Isaac Herzog honored the initiative, which supports businesses providing an estimated 28,000 jobs.
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What happened
- 01Jewish Federations of North America provided over $240 million in loans to 4,132 Israeli small businesses since October 7th.
- 02Israeli President Isaac Herzog honored the JFNA's loan initiative supporting businesses and jobs.
- 03The loans have aided reservists, displaced businesses, and sectors like tourism and hospitality.
- 04The program is funded by $92 million in donations and additional bank financing.
- 05Nearly 48% of loans were allocated to businesses in northern Israel and near the Gaza border.
- 06Repaid loan amounts are re-lent, with less than 0.5% of capital experiencing repayment delays.
The program, funded by donations and bank financing, assists reservists, displaced businesses, and those in affected sectors. Repaid funds are re-lent, with a low default rate, supporting ongoing business continuity and economic resilience.
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