Isracard and JFNA Fund Extend NIS 135 Million in Credit to War-Affected Israeli Businesses
Isracard's business platform, Bizi, in collaboration with the Jewish Federations of North America (JFNA), has extended approximately NIS 135 million in subsidized credit to around 1,500 small businesses across Israel. This initiative, which began in early 2025, aims to support businesses impacted by the ongoing war, whether through declining revenue, reserve duty, or proximity to conflict zones. The fund has helped preserve about 15,000 jobs and supported economic stability for over 50,000 Israelis in roughly 100 cities and communities. The loans, offered at prime minus 1%, can reach up to NIS 600,000 with repayment terms of up to 24 months. The revolving fund model allows repaid loans to be redirected to new borrowers, creating a continuous cycle of support.