About SparkIL
The Power of Interest-Free Loans
(kol Yisrael areivim ze laze)
“All of Israel is responsible for one another” — this timeless Talmudic principle emphasizes the inherent responsibility each Jewish person bears for one another.
Guided by this profound principle, SparkIL has established a peer-to-peer lending platform to assist small businesses in Israel. Here, the well-being of each individual is intertwined with the collective mission of supporting growth and success for those who need it most.
"Empowering Social Impact: Peer-to-Peer Lending with a Purpose"
SparkIL is a joint initiative of The Jewish Agency for Israel and The Ogen Group that serves all citizens of Israel. Our aim is to expand access to financial resources by providing interest-free micro-loans to Israeli business owners.
The power of SparkIL. Connecting a global community of lenders and local borrowers.
SparkIL connects global lenders with impactful business opportunities. Our microloan borrowers often come from, or employ, marginalized social groups, and face challenges receiving the financial support needed from traditional financial institutions. These loans are often the stepping stones for these businesses to grow and succeed.
Combining Israel engagement and social impact.
Are you ready to make a difference?
How does it work?
Step 1
Choose a business (or more) to support.
Step 2
After deciding on the loan amount, simply click the SEND button.
Step 3
Receive monthly installments until it’s paid up.
Step 4
Reinvest the paid back loan in another business or withdraw your funds.
