In the aftermath of the October 7 attack, Israel’s small businesses are at the forefront of the country’s economic struggles. Ogen, Israel’s sole nonprofit social lending enterprise, has responded with the Swords of Iron Emergency Economic Relief Fund, a lifeline for small businesses battling the aftershocks of war.
Positioned uniquely as Israel’s social lender, Ogen offers interest-free loans to families and small businesses as a lifeline during the crisis aftermath. Having received over $68 million in loan applications for small businesses so far, Ogen is aiming to raise $100 million in the next month. But it needs your help to do so.
As Israel faces a potential financial recession, Ogen’s economic relief fund is a beacon of hope, showcasing Israel’s resilience and solidarity.
So, we ask you today to stand united with Ogen. Your support can offer a lifeline for small businesses’ recovery in these challenging times.
Sagi Balasha, CEO of Ogen: “Ogen’s Emergency Economic Relief Fund is a battle cry for small businesses’ survival. Together, we can ensure businesses not only survive but thrive.”
Meet ‘Elateva,‘ a tourism and production company navigating the complexities of planning activities and events for large-scale companies in Israel. Since October 7th, with all events canceled, owner Shlomi faced a dire financial abyss. Ogen’s subsidized interest loan of $67,000 became his saving grace, offering a much-needed reprieve to cover regular payments and plan for a stable future for his family.
Shlomi, owner of ‘Elateva’: “Ogen’s loan arrived at a pivotal time, providing the financial breathing room needed to keep my business afloat. It’s more than just money; it’s about granting businesses like mine the chance to rebuild and contribute to Israel’s recovery.”