Shoshanna Solomon is The Times of Israel s Startups and Business reporter
In this Sept. 24, 2019, file photo people walk by a Google sign on the campus in Mountain View, California (AP Photo/Jeff Chiu, File)
Not-for-profit lender The Ogen Group has received what it says is a “landmark” impact investment loan of $1 million from US tech giant Google to provide low-interest loans to small businesses throughout Israel and help them with the economic fallout of the pandemic.
Google’s funds will provide an injection of capital to the organization, helping it hand out added funds to underserved small business owners and help them launch, rebuild, or expand their activities in light of the COVID-19 crisis. Google is the first international corporate impact investor to support Ogen in this way, the nonprofit said in a statement.