Hebrew Free Loan Association Of Greater Springfield
The Hebrew Free Loan Association of Greater Springfield offers interest-free loans to Jewish individuals and families whose needs are urgent and who may not qualify through normal financial resources. 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.
The Hebrew Free Loan Association of Greater Springfield is the direct result of the deep concern felt in our community about helping fellow Jews to secure interest-free loans. In 1993, a number of local philanthropists provided the initial capital of $200,000. Since that time, HFLA has given out 217 loans, totaling approximately $945,500 to fill critical needs such as school tuition, automobiles, home payments and repairs, medical expenses and debt consolidation.
We want to be sure that everyone throughout Western Massachusetts and Northern Connecticut knows about the financial assistance available through HFLA. Loans are provided for virtually any situation in which a person might temporarily find him/herself.