We offer interest-free loans to Jewish individuals and families whose needs are urgent and who may not qualify for personal loans from a bank or other financial institution.
The Hebrew Free Loan Association of Greater Springfield is the direct result of the deep concern felt in our community for fellow Jews in financial need. In 1993, three local philanthropists generously provided the initial capital to found the organization. Since that time, HFLA has given out hundreds of interest-free loans. The loans have been used for meeting urgent needs such as car-related expenses, home repairs, medical expenses, adoption fees, tuition, and debt consolidation. As the loans are repaid, the funds are recycled to lend out again.
We want to be sure that everyone throughout Western Massachusetts and Northern Connecticut Jewish community knows about the financial assistance available through HFLA. Loans are provided for virtually any situation in which a person might temporarily find him/herself. Interest-free loans, instead of charity handouts, fill an important gap in our social system by promoting self-sufficiency with dignity. HFLA affirms the ancient biblical requirement for interest-free lending by offering assistance to people in need, with the goal of helping them to lead more rewarding and responsible lives.