Mission Statement
The Hebrew Free Loan Society (HFLS) makes interest-free loans for philanthropic purposes within the New York metropolitan area. HFLS's activities are rooted in the age-old tradition of Gemilut Chassadim, which views interest-free lending as the highest form of charity because it renders assistance while preserving dignity and promoting self-help. HFLS seeks to make loans where the availability of interest-free credit will make a significant difference in people's lives or have a significant impact on a Jewish institution.
In furtherance of these principles, HFLS makes loans to individuals and families in need on a nonsectarian basis, and with a goal of promoting economic self-sufficiency. In addition, HFLS's loans help ensure the continued vibrancy of the New York Jewish community by strengthening Jewish institutions and helping meet the cost of participation in the Jewish community. Often working in partnership with local organizations, HFLS reaches out into the Jewish community to identify need and to bring its programs to the attention of those who might benefit.