The Portland Trust is committed to promoting peace and stability between Palestinians and Israelis through economic development. |
Galilee loan guarantee projectWe partnered with the Koret Israel Economic Development Fund to launch a loan guarantee programme in October 2006 to facilitate economic development and job creation to the Jewish and Arab sectors in Northern Israel. The 10-year programme is targeted at small businesses and micro-enterprises lacking access to credit on reasonable terms. The guarantees enhance the credit of entrepreneurs and the self employed seeking business loans. In July 2007, Eival Gilady became the Chair of KIEDF. The Portland Trust contributed $500,000 to this programme which has since attracted significant additional funding. By the end of 2007, over 550 loans had been made totalling $10 million/ NIS 40 million. For a full report on the scheme please click here. For more information on the Koret Israel Economic Development Funds (KIEDF), please visit their website or see their latest video on YouTube. |
British registered charity no: 1106429
