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SparkIL

SparkIL’s competition will run from Dec. 16-20 and encourage students to be a source of light in dark times for Israeli small businesses facing adversity.
SparkIL has rallied more than 2,000 microlenders from around the world since Oct. 7 to contribute a total of about $5.5 million to some 300 businesses.
The support comes as 35% of the farms in the Gaza Envelope have halted operations since Oct. 7, and 84% of farmers believe the war has hurt Israel’s food security conditions.
“Don’t talk about them, talk to them,” Gadeer Kamal-Mreeh said in regard to creating connections with Israelis, addressing an event presented by SparkIL, the first peer-to-peer lending platform for Israeli small businesses.
Lenders can explore small businesses that lack access to capital, with the platform providing the capability of reinvesting repaid loans.