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The Negev and Galilee Loan Guarantee Project

​Financial support for loan guarantees and technical assistance to small businesses in the poorer parts of southern and northern Israel.

In 2009, Koret Israel Economic Development Funds (KIEDF) secured a $10m second-loss bank guarantee from OPIC to leverage nearly $150m of bank financing over 7 years. The project was launched in January 2010, enabling small and medium sized businesses in Israel’s Negev and Galilee regions to apply for loans from $12,500 to $300,000. As of the end of August 2017, Koret had granted 1,416 loans (760 in the Galilee and 656 in the Negev) with a value of around $117million.

The Portland Trust is a British non-profit ‘action tank’ whose mission is to promote peace and stability between Israelis and Palestinians through economic development.

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KIEDF Initiative for the Development of the Negev and the North

Overseas Private Investment Corporation (OPIC)

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The Portland Trust

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