SparkIL is a new peer-to-peer lending platform that allows individuals around the world to support the small business of their choice in Israel. Established in partnership with The Jewish Agency for Israel 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
A Druze business owner
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Peer-to-Peer Lending is a Journey of Connectivity for the Jewish Future
Through crowdsourcing, the SparkIL platform harnesses a new form of Israel-world Jewry solidarity in which lenders will be engaged and inspired by borrowers’ stories, writes Amira Ahronoviz, CEO and Director General of The Jewish Agency, in an op-ed.
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First Peer-to-Peer Lending Platform to Support Israeli Small Businesses
SparkIL enables users to support the Israeli small business of their choice; users can explore business opportunities based on SparkIL’s categorization: People, Place, and Purpose.
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New Platform Seeks to Connect Microfunders Directly with Israeli Small Businesses
SparkIL facilitates small interest-free loans for a range of new Israeli small businesses working to break into their industries, and will help strengthen the connection between world Jewry and Israel.
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SparkIL Aims to Empower Small Businesses in the Israeli Periphery
“Spark IL is a project built to improve the financial health of small businesses and their access to credit and will help hundreds of small businesses on Israel’s social periphery prosper,” said Sagi Balsha, CEO of the Ogen Group.