ייעוץ והכוונה
Ogen is no ordinary lender.
Ogen supplies affordable credit alongside financial guidance and expertise from our loan advisors and the partner organizations we work with. This helps borrowers make effective use of their loans, protecting donor and investor capital in the process.
Ogen L’Bayit
For many young and low-income families, the dream of home ownership in Israel feels unattainable. A chronic housing crisis has seen real estate prices double over the past decade, while the banks demand mortgage down-payments of 25-40%; an insurmountable barrier for hundreds of thousands of young families.
Ogen L’Bayit helps young and struggling Israeli families from modest backgrounds to become first-time, financially responsible homeowners, through personal financial coaching and practical guidance.
Ogen believes that home ownership should not be an impossible dream. It should be an asset that can help struggling families put down roots, make room to save monthly and create a positive financial legacy for the next generation.
Right across society, these are low and middle income households with the ability to comfortably repay a monthly mortgage but little prospect of raising the capital for a down-payment. For people from modest financial backgrounds – including those from immigrant communities such as the former Soviet Union and Ethiopia, Arab Israelis and the ultra-orthodox – this situation is even more acute.
To register for Ogen L’Bayit, click here to schedule a call with a member of our team.
Additionally, For families who can afford monthly mortgage payments, but struggle with massive down payments – and who complete the Ogen L’Bayit financial literacy program – Ogen’s Social Loan Fund provides supplementary optional low-interest loans to help make first-time-buyer down-payments attainable.
“The people at Ogen L’Bayit helped our family become first-time homeowners by standing with us and guiding us every step of the way. On behalf of my family; thank you.”
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Partners
Ogen understands the power of “people helping people.” That is why Ogen works with the best and most like-minded partners to deliver our programs.” Ogen’s partner organizations share their knowledge and help guide the people whose lives we touch.
We are proud to work with the following partners:
Goodwill Track
The Goodwill Track offers interest-free loans to lower income or so-called "riskier" borrowers who do not meet Ogen's standard criteria and have nowhere else to turn for affordable credit. For a Goodwill Track loan, access to capital is only one half of the solution. Borrowers also undergo a program of financial literacy training with one of our trusted partner organizations, giving them the tools they need to pay back their loans and improve their lives. Current partner organizations include: Katef L'Katef, a2b, The Orli and Guy Fund (from Israel’s flagship “The Morning Show with Orly and Guy”), and Yedid.
To date, since launching in 2017, Ogen has provided 93 Goodwill loans totaling ILS 1.3 million
A divorced mother who is a professional dancer and dance instructor, Dyna received only sporadic alimony and child support payments from her ex-husband and lacked consistent income from her work, making her ineligible for a standard Ogen loan. As part of the financial plan she developed with Katef L'Katef, she secured a Goodwill Track loan to renovate her home and create a rental unit, in order to recruit tenants and earn consistent income. "Thanks to Ogen, I am financially stable and proud to repay my loan each month while also saving money for my son's future.
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