Social Finance Israel has developed a social impact bond initiative to improve math and Hebrew language performance for high school students from Israel’s bedouin community. The financial intermediary is looking to raise $4.1 million for a six-year program. It has secured 40% of the funding, mostly from an Israeli bank.
The historically nomadic Arab-Israeli bedouin community has been settling in and around cities over the past 20 years. The bedouins, who are Arab citizens of Israel, are among the most socio-economically disenfranchised groups in the country, suffering from a high rate of poverty, low level of skills, and often being employed in low quality jobs.