Hebrew Free Loan Society of New York | |
Formation: | 1892 |
Headquarters: | New York City, United States |
Region: | New York City |
Key People: | Ian Shrank (Board Chair)Rabbi David Rosenn (President & CEO) |
Website: | https://hfls.org/ |
The Hebrew Free Loan Society of New York, founded in 1892,[1] is the oldest money gemach in the United States. It spawned similarly named free-loan funds in many other cities, including Washington, D.C.; Philadelphia, Pennsylvania; and Holyoke, Massachusetts.
Using money provided by contributions, the society provides small, interest-free loans which are paid back in weekly installments.