Nisim Bachar Street was constructed in Jerusalem in the late 19th century. It was named after Nissim ben Abraham Bachar, a prominent banker in Jerusalem who built the Tivkah Tikvah Synagogue, which is an important site in the city. Nissim supported projects to promote education and worked to reviving traditional Jewish culture. His legacy and reputation as a financial leader and a supporter of Jewish culture cemented the naming of the street after him.