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Coming Feb. 17th …

image - MISCELLANEOUS Productions’ Jack Zipes Lecture screenshot

A FREE Facebook Watch Event: Resurrecting Dead Fairy Tales - Lecture and Q&A with Folklorist Jack Zipes

Worth watching …

image - A graphic novel co-created by artist Miriam Libicki and Holocaust survivor David Schaffer for the Narrative Art & Visual Storytelling in Holocaust & Human Rights Education project

A graphic novel co-created by artist Miriam Libicki and Holocaust survivor David Schaffer for the Narrative Art & Visual Storytelling in Holocaust & Human Rights Education project. Made possible by the Social Sciences and Humanities Research Council (SSHRC).

screenshot - The Museum of the Southern Jewish Experience is scheduled to open soon.

The Museum of the Southern Jewish Experience is scheduled to open soon.

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Tag: loans

Jewish way to lend

This Shabbat (Feb. 2), in parashat Mishpatim, the Torah commands, “If you lend money to my people … do not act toward them as a creditor; you may not charge them interest.” This law, along with Maimonides’ teaching that the greatest level of tzedakah is to support a fellow Jew by endowing them with a gift or loan to strengthen their hand, are the guiding principles of the Hebrew Free Loan Association of Vancouver (HFLA).

HFLA provides interest-free loans to help Jewish individuals from British Columbia overcome financial challenges and build better lives. HFLA fosters economic stability and opportunity among low- and moderate-income members of the community by providing access to affordable credit in the form of a no-interest loan.

Over the years, the types of loans the organization has given out have evolved greatly. In the 1980s and ’90s, with a wave of immigrants from the former Soviet Union, the majority of HFLA’s loans went to helping immigrants finance vocational training. While HFLA still helps many new immigrants, its focus now also includes helping people with the rising costs of living in the Lower Mainland.

“With the bulk of people’s income going towards housing costs, many people have very little left over when unexpected bills arise,” said Joanna Wasel, executive director of HFLA. “We are able to be there for people during times of financial stress. A loan from us can help cover things like emergency dental work, physical therapy and short-term home care.”

HFLA is also here to help members of the community when they need support to start a Jewish family through fertility treatments or adoption, host a bar or bat mitzvah, finance university or start a new business. The goal of these loan programs is to help community members build better lives and avoid falling into high-interest debt.

HFLA recently unveiled a new webpage, hfla.ca. The new site is clear, concise and includes a step-by-step guide to applying for an HFLA loan. Potential borrowers can complete and submit an application online.

“We really want to make the process as easy as possible for our borrowers. Every step has been designed with great care to ensure that people’s dignity and confidentiality are respected and protected,” said Wasel.

In the past 40 years, HFLA Vancouver has made more than 1,900 loans. There is no other organization like it in the community and those in need, or with friends in need, are encouraged to seek more information about HFLA’s services by visiting its website or calling 604-428-2832.

Posted on February 1, 2019January 29, 2019Author Hebrew Free Loan AssociationCategories LocalTags Hebrew Free Loan Association, HFLA, Jewish life, loans, tikkun olam

New lending programs

At 100 years old, the Hebrew Free Loan Association of Vancouver (HFLA) is a fairly spry organization, keeping current with the community’s changing needs. So, as the new year begins, it is introducing three new lending programs for trial in an effort to encourage more applicants to look to HFLA for the loan that may help them through financial hardships, finance dental work, launch their new business or fix their roof.

Emergency loan limits have doubled to a maximum of $1,500. These loans are for immediate and urgent needs and typically are processed within 48 hours of application. One qualified guarantor is needed to secure this loan.

Single-guarantor personal loans with a $5,000 maximum are being introduced, and applicants will require only one qualified guarantor.

Business, education and special purpose loans are being changed to make it easier to borrow up to $10,000. HFLA will now ask for only two qualified guarantors instead of three. Borrowers in this category use these loans for modern needs like in vitro fertilization, adoption or computer equipment for business startups.

In 1915, when Jews in the community first began making small loans, it was to buy a horse or a pushcart to open a used furniture shop or to buy supplies for a small store. These loans of $5-$25 were a lifeline for early immigrants to Vancouver to establish themselves and, in turn, to build our community. Today, we look back and see how much those first loans did to encourage financial independence and engender security for people who were unable to find money any other way. We can see in the less distant past, loans to a wave of immigrants from the former Soviet Union in the 1980s, who bought musical instruments and other vital equipment to make a living here.

There are many amazing stories of ways in which people have received assistance to get out of a bad situation or a jump-start into a new life with a loan from HFLA, and the association wants to ensure those stories continue to accumulate by reaching more people. This strategy began with HFLA’s centennial celebration in May.

The new loan programs are designed to make it easier to apply for interest-free loans quickly, with anonymity and dignity. HFLA meets every two weeks to discuss loan applications so the waiting time for a loan is brief.

For full information about all of HFLA’s loan programs, visit hfla.ca or send someone you feel will benefit from an interest-free loan to check it out (the revamped website includes simplified forms). To speak to the HFLA’s part-time administrator, Michelle Longo, call 604-428-2832.

Posted on September 25, 2015September 24, 2015Author Vancouver Hebrew Free Loan AssociationCategories LocalTags HFLA, loans, startup
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