A new loan fund to provide working capital for immigrants who are businessmen or professionals was established jointly today by the Israel Government, Jewish Agency and Bank Leumi, the central bank of Israel.
The fund, capitalized at 1,850,000 pounds, will lend a maximum of 7,500 pounds for a seven year period, on condition that the borrower match the loan pound for pound from his own funds. The loan fund idea was first proposed by L. Dultzin, head of the Agency’s economic department.
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The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
