SparkIL Overview
SparkIL enables lenders from around the world to open an account and make a zero-interest loan to a business of their choosing according to their personal values, for as little as $25. Once each loan is repaid, lenders will be given the option to re-invest in another business or withdraw their funds. The goal of SparkIL is to spark economic growth and social empowerment in Israel while using direct digital engagement to seed community bridge building and emotional connectivity to Israel and its people among lenders.
Latest News
growth-positive
המיזם הכלכלי פורץ הדרך שיחבר עסקים קטנים מהפריפריה ליהודי התפוצות
SparkIL, a new social lending platform, has been launched by The Jewish Agency and Ogen Group. The platform connects small and micro-businesses in Israels social and geographical periphery with investors from around the world. The platform was born out of an initiative by Amira Ahronoviz, CEO of The Jewish Agency. The project was made possible thanks to donations from the Max and Margery Fisher Foundation, the UJA Federation of New York, and other donors. The goal is to reach an active market with tens of thousands of investors and hundreds of businesses per year.
InvestmentCustomers
growth-positive
New platform seeks to connect microfunders directly with Israeli small businesses
SparkIL, a new crowdfunding platform, is helping small businesses in Israel by providing interest-free loans. The platform aims to support entrepreneurs in setting up and launching their startups, while also fostering a connection between Jews in the Diaspora and Israel. SparkIL is a partnership between The Jewish Agency for Israel, The Ogen Group, the Max M. & Marjorie S. Fisher Foundation, and UJA-Federation of New York. It currently features six small businesses seeking loans and plans to expand to include enterprises owned by different communities in Israel. The platform allows lenders to choose which businesses to support and offers a five-year repayment period. SparkIL is also exploring partnerships with organizations like Masa Israel and the Jewish Funders Network to engage younger generations in philanthropy and strengthen the connection with Israel.
CustomersPartners
Growth-Positive
נעמה אור מונתה למנכ"לית Spark IL - וואלה! כסף
Spark IL, a social peer-to-peer lending platform owned by the Anchor Group and the Jewish Agency, has appointed Naama Or as its CEO. The platform aims to connect lenders worldwide with Israeli business owners, particularly those in the periphery, to provide social loans. Or, who has over 20 years of management experience in Israel and the US, will lead Spark IL from its launch to full operation, making the platform accessible to small businesses in Israel. She will also be responsible for raising lenders from Israel and around the world to support these loans.
Management Changes
| Sector | Fintech & Insurtech |
Funding
| Total funding | Undisclosed |
| Last funding | Undisclosed |
| Stage | Pre-Funding |
| Rounds | 0 |
| Investors | 0 |
Team Members
2
Employees: 1-10
Web & Social Links
| Website | www.sparkil.org |
Locations
Jerusalem, Israel
Photos & Videos
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