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Nonprofit Ogen gets $1 million impact investment loan from Google

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.

Tel avivState of israelBarak regevEliezer jaffeSagi balashaAvi simhonWogen groupShoppingil academyNational economic councilGoogle shoppingil academyIsrael free loan associationKing george streetFinance ministryPrime ministerGoogle israelதொலைபேசி அவிவ்

Google Grants Israeli Non-Profit Lender $1 Million Impact Loan to Help Small Businesses

Google Grants Israeli Non-Profit Lender $1 Million Impact Loan to Help Small Businesses
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Google grants Israeli nonprofit lender $1 million impact loan to help small businesses | US & World News

Tech giant Google has granted Israeli nonprofit lender The Ogen Group a $1 million “impact loan” to boost the group’s low-interest loans to small businesses, Ogen announced on Wednesday.Small businesses

Barak regevSagi balashaWogen groupShoppingil academyIsrael free loan associationSoviet unionUs worldnewsஇஸ்ரேல் இலவசம் கடன் சங்கம்சோவியத் தொழிற்சங்கம்

Nonprofit Ogen lends record $50 million to ease small business cash squeeze

Sagi Balasha, the CEO of Ogen, formerly known as the Israel Free Loan Association (IFLA) (Courtesy) According to a report by the Finance Ministry, small businesses are still struggling to get loans via the banks. According to the data, Ogen said in a statement, businesses that generate up to NIS 10 million ($3.1 million) in revenue, “which are the beating heart of Israel’s workforce and generate more than 35% of GDP,” actually received 0.6% less bank credit in the last three months of 2020 as compared to 2019. Formerly known as the Israel Free Loan Association (IFLA), Ogen was founded in the early 1990s by the late Eliezer Jaffe, an immigrant from the US. The nonprofit provides both interest-free and low-interest loans, as well as financial guidance, to people, small businesses and nonprofits in Israel that are ill-served by the financial sector, which sees them as too small and too risky to get financing.

United statesEliezer jaffeSagi balashaWogen groupIsrael capital markets authorityOgen social loan fundIsrael free loan associationSocial loan fundCapital markets authorityFinance ministryAri jaffeAmerican friendsஒன்றுபட்டது மாநிலங்களில்இஸ்ரேல் மூலதனம் சந்தைகள் அதிகாரம்இஸ்ரேல் இலவசம் கடன் சங்கம்சமூக கடன் நிதி

Israel s tourism industry needs a Hanukkah miracle | Sagi Balasha

Please note that the posts on The Blogs are contributed by third parties. The opinions, facts and any media content in them are presented solely by the authors, and neither The Times of Israel nor its partners assume any responsibility for them. Please contact us in case of abuse. In case of abuse, This will be the darkest Hanukkah in decades for Israel’s tourism industry, which has lost almost $4 billion in 2020. Hotels and attractions remain closed today, but without financial support many will be unable to reopen even when tourists return. This is why the Ogen Group, Israel’s not-for-profit lender, is proudly backing Israeli tourism.

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