Mesila

A disproportionately large number of people in Israel are trapped in the vicious cycle of debt and poverty. This cycle is perpetuated when individuals borrow from banks and free loan funds or appeal for charitable assistance in order to meet their financial obligations.

Mesila believes that the only effective way to combat the widespread problems of debt and poverty is to give people the tools to become self-sufficient. And that is exactly what Mesila is doing. Founded in 1998, Mesila is a non-profit organization dedicated to combating poverty by raising public awareness, mainly amongst the ultraorthodox community, about the importance of financial stability and independence. With over 20 chapters across Israel, Mesila works to promote the development of attitudes and habits that lead to financial stability and provides the necessary guidance to create and implement realistic, long-term economic solutions.

IVN’s goal within the partnership is to assist Mesila with their income generation model by developing new educational activities thereby helping Mesila become financially independent and to build a solid and regulated measurement & evaluation plan.

Joined IVN’s portfolio in 2011 as part of the Social Venture Program.

STATUS: Mature

Visit Site

Mentors

Rami Mittelman
Previously Senior VP and Managing Director at Verint Systems, Rami has decades of experience in leading hi-tech companies.

 

Co-Investors

IVN, Rochlin Foundation, Leichtag  Foundation

Impact

Number of Participants

  • 2012 – 4,952
  • 2013 – 6,199

Self-generated Income

  • 2012 – NIS 110,184
  • 2013 – NIS 190,200

Self-generated Income as % of Total Budget

  • 2012 – 19.6%
  • 2013 – 45%