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Hebrew Free Loan societies (such a society is also known as a Gemach) are based on the biblical injunction that Jews may not charge interest to other Jews in need, found in Exodus 22:25: "If you lend money to My people, to the poor among you, do not act towards them as a creditor; exact no interest from them."
A wedding gemach offers a $3000 loan with repayment of $100 per month. The Israel Free Loan Association (IFLA) is the largest interest free loan association in the world, with loans from NIS 20,000 for individuals up to NIS 90,000 for small businesses (www.freeloan.org.il) and serves Israeli citizens anywhere in Israel.
This is a list of countries by a simple average of commercial banks' annualized interest rates charged on new loans to their most credit-worthy ... Pakistan: 7.00: 31 ...
Microcredits have also been introduced in Israel, [26] Russia, Ukraine and other nations where micro-loans help small business entrepreneurs overcome cultural barriers in the mainstream business society. The Israel Free Loan Association (IFLA) has lent more than $100 million in the past two decades to Israeli citizens of all backgrounds. [27]
Microstates such as San Marino, Andorra and Liechtenstein have high rates of car ownership. Countries and territories listed by the number of road motor vehicles per 1,000 inhabitants are as follows. Population figures are from the United Nations Statistics Division unless otherwise specified. [1]
During the Yom Kippur War, Zulfikar Ali Bhutto, the Prime Minister of Pakistan sought to maintain close and friendly relations with the Arab world, and so sent Pakistani volunteers to Egypt and Syria. Bhutto remarked to Syrian President Hafez al-Assad that a Pakistani air brigade would be ready to defend Damascus in the event of an Israeli ...
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.
Kars4Kids is a Jewish [4] nonprofit car donation organization based in Lakewood, New Jersey in the United States. Kars4Kids is a 501(c)(3) nonprofit organization that states that its mission is "to fund educational, developmental, and recreational programs for low-income youth" [5] through programs largely facilitated by its sister charity Oorah, which focuses on Jewish children and families. [6]