Archives For Free Loan Association

Loan Fund for Charities

Geoffrey —  April 3, 2020

PEF is pleased to announce its participation in the creation of the Ogen Social Loan Fund. This emergency fund for Israeli nonprofits was launched to assist organizations affected by the coronavirus crisis and was launched by PEF approved charity Ogen-FreeLoan Fund and the Jewish Agency for Israel (JAFI). The fund will offer loans of up […]

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oday, Bloomberg reported that Ogen, a non-profit bank (previously called Israel Free Loan), will offer affordable credit to poor clients in Israel. Ogen, a non-profit bank, will offer affordable credit to poor clients.

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For a donor wishing to maximize the impact of a contribution, a donation to a Free Loan Association makes a lot of sense. Recently the free loaning concept has been re-branded as microfinance and won notoriety, not to mention; a Nobel Prize. In the Jewish tradition this institution has existed since biblical times and referred […]

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