SparkIL is a peer-to-peer lending platform that allows individuals around the world to support the small businesses of their choice in Israel. Established in 2022 by The Jewish Agency and The Ogen Group, the platform enables users to participate in crowdfunding interest-free loans, which aim to make a real, measurable and continuing impact on Israel’s most deserving entrepreneurs.
SparkIL
The first peer-to-peer lending platform connecting global social lenders with borrowers in Israel
“After October 7, my two businesses were shut down and for me, it was a total financial crash, the end of the world. Thanks to the loan from The Jewish Agency’s SparkIL program, I managed to support myself financially and reopen my businesses.” -Or, a single mother, IDF reservist and the owner of Oryosss, a cafe chain with two shops in the Gaza Envelope, who received support through SparkIL.
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“Getting a loan through SparkIL’s peer-funding initiative made me believe in true kindness."
-David, an entrepreneur from Ashkelon who needed assistance to build up his FUNGGIZ mushroom business.
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"With the loan from SparkIL, and their support and belief in the Studio, I could buy the equipment we needed."
-Gilat, a Haredi entrepreneur who needed funding to expand her dance and sport-oriented Studio Ayalot.
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“The loan allowed me to expand my coaching so I can help more women find balance in their lives and get healthier.”
-Sarah, an olah (immigrant to Israel) from France looking for support to grow her business as a nutrition and wellness coach.