The Hebrew Free Loan Association of South Florida, Inc. (HFLA) offers interest-free microlending to Jewish individuals and families whose needs are urgent and who may not qualify through normal financial resources. Interest-free microloans, instead of charity, fill an important gap in our social system by promoting self-sufficiency with dignity. HFLA’s mission is rooted in the age old biblical teaching of Tzedek (Social Justice), which encourages the community to perform deeds of kindness that give beneficiaries a hand up, rather than a hand out.
The Hebrew Free Loan Association of South Florida, Inc. is a 501(c) (3) non-profit organization, funded primarily by private donations. Our funding program facilitates financial independence through the use of interest-free lending. Each contribution is an investment in the dignity and independence of many individuals and families in our local Jewish community.
Our loan programs provide financial assistance for situations such as: emergencies, medical and dental expenses, housing and car repairs, life-cycle events, loans for early childhood and adult continuing education, immigration costs, divorce, help for victims of domestic violence, and mortgage and rental costs.
HFLA offers interest-free loans of up to $4,000 with up to a four year repayment plan created on an individual basis. All applicants are personally interviewed and because the HFLA Loan Committee meets weekly funds are available quickly.
HFLA requires each applicant’s ability to be able to repay the loan amount provided and provide two Jewish co-signers who are U.S. Citizens or Permanent Residents and reside within the South Florida community with good credit. The borrower and co-signers must agree to a credit check and sign a promissory note with HFLA and commit to the terms of their repayments. Once the loan is approved the borrower provides post-dated checks for the duration of the loan, which are deposited on a monthly basis.
HFLA is extremely proud to be serving our community for the past 23 years, with its vision remaining the same: providing dignity and helping people to help themselves. Our loan programs impact lives, change lives and save lives, working to alleviate poverty and promote self-sufficiency.
Hebrew Free Loan Association of South Florida
P.O. Box 630362
Miami, Florida 33163
Dade Office: 305.933.1187 Broward Office: 954.252.6958
Visit our website at: hebrewloan.org
Lipton Building, The Michael Ann Russell Jewish Community Center
Katz UJC Building, Jewish Federation of Broward County