AACI’s ‘Loans for Lone Soldiers’

AACI's 'Loans for Lone Soldiers'

AACI’s Loans for Lone Soldiers Project offers interest-free loans (up to NIS 15,000) to approved applicants ages 21 – 31 from English-speaking countries who have completed their army or national service as lone soldiers/participants and have been accepted into a recognized Israeli college, university or vocational program; AACI provides financial assistance as well as free counseling, answering questions and concerns about life in Israel.

The Loans for Lone Soldiers project goals include assisting these young immigrants with their integration into Israeli society by giving them financial and emotional support that will enable them to thrive and remain in Israel. Ultimately, AACI’s purpose in this is to build a stronger Israel. The loan fund has been provided by joint efforts of the AACI and North American Jewish federations.

AACI 'Loans for Lones' Application

Name

First Last

Address(Required)

Street Address Address Line 2 City ZIP / Postal Code Country

Email(Required)

Phone(Required)

Israeli ID (Teudat Zehut)(Required)

Name of Parent/Relative Guarantor(Required)

Relationship

Email Address of Parent/Relative Guarantor(Required)

Phone(Required)

Signed Letter by Parent/Relative Committing to Guarantee Your Loan(Required)

Max. file size: 64 MB.

Start Date of Army / National Service(Required)

End Date of Army / National Service(Required)

In which unit / role did you serve in the army?(Required)

Rent Per Month(Required)

Lease Ending Date(Required)

Car Costs Per Month (or Not Applicable)(Required)

Schooling Costs (including Supplies)(Required)

Other Regular Expenses

Please provide details of your income sources:(Required)

Employment, Loans, Grants, Other

Please describe how an interest-free loan from AACI will help you?

How do you intend to apply these finances?

Please provide the past 3 months of bank statements:(Required)

Max. file size: 64 MB.

Please provide a copy of your Israeli ID (תעודת זהות):(Required)

Max. file size: 64 MB.

Please upload contract page showing your rental cost:(Required)

Max. file size: 64 MB.

Only 1 page is necessary

Please upload National Service or IDF honorable discharge letter:(Required)

Max. file size: 64 MB.

Please upload proof of academic involvement (אישור לימוד):(Required)

Max. file size: 64 MB.

Any additional supporting documents

Max. file size: 64 MB.

Optional: Recommendation Letter from Former Commander or Employer

Max. file size: 64 MB.

Applicant Criteria:

Up to and including age 31,
Former lone soldier OR national service participant, with documentation showing honorable discharge
From North America.
Enrolled in a recognized Israeli academic/vocational program (for a minimum of one year),
1 guarantor (a family member is best)
Bank statements from the past three months
Completion of the online application below…

What Happens Next?

We will invite you for an interview.
We will discuss your needs, desired interest-free loan amount and timeline of your repayment plan.
We will submit our recommendations about your application to the AACI Loans committee.
You will receive your answer shortly thereafter.

Afterwards:

Your loan will return to our Lone Soldiers account via the small recurring repayments established at the start.
We will check in with you periodically to see how you’re doing.
We will discuss with you any necessary modifications to the loan, and provide you any input we can give.
The finances you were able to enjoy will be available to help the next former Lone Soldier or National Service participant in need.
Applicants are encouraged to participate in Israel-related volunteer work, such as via the AACI Student Connect program, connecting and conversing one-on-one with another Jewish student in the diaspora.