Jump to content

Hebrew Free Loan Society of New York

Add links
From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by Hessamnia (talk | contribs) at 20:16, 16 December 2015. The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

The Hebrew Free Loan Society of New York, founded in 1892, is the oldest money gemach in the United States. It spawned similarly-named free-loan funds in many other cities, including Washington, D.C.; Philadelphia, Pennsylvania; and Holyoke, Massachusetts.

Using money provided by contributions, the society provides small, interest-free loans which are paid back in weekly installments. Today, the society provides more than $6 million in interest-free loans on an annual basis while maintaining a loss rate lower than one percent.

See also


Stub icon

This article about a subject related to a Jewish organization is a stub. You can help Wikipedia by expanding it.

Stub icon

This article about a philanthropic or charitable organization is a stub. You can help Wikipedia by expanding it.

Stub icon

This United States-related article is a stub. You can help Wikipedia by expanding it.

Retrieved from "https://en.wikipedia.org/w/index.php?title=Hebrew_Free_Loan_Society_of_New_York&oldid=695539750"