Israel Free Loan Association – Largest Of It’s Kind In The World
The Israel Free Loan Association (IFLA) is the largest Jewish interest free loan organization in the world. Since its inception in 1990, IFLA has lent out over $240 million (US) by providing over 54,000 interest-free loans. Conventional charity can often hurt recipients by making them dependent and lowering their esteem. Interest-free loans help without hurting by enabling people to empower themselves as the loans they receive will eventually return.
Currently IFLA lends out over $20 million every year to Israelis. IFLA loans help many sectors of Israeli society in numerous ways. They enable Israelis without sufficient means to open small businesses or expand existing ones, help Ethiopian immigrants move out of temporary housing, facilitate student loans to obtain academic degrees, allow ailing Israelis to purchase vital equipment and medicines or undergo operations, assist struggling Israelis get back on their financial feet, and much more.