WHY INTEREST-FREE LOANS

Our philosophy and inspiration is based upon a biblical mandate from God to the Jewish people. In this Torah portion Parashat Mishpatim, God tells Moses and the people of Israel that they may not derive personal benefit from loans made to members of their community – in other words, they may not charge interest.


“If you lend money to My people, even to the poor among you, do not act toward them as a creditor; you shall not charge them interest.”
– Exodus 22:24


“You shall not lend him your money at interest, or give him your food for profit.”
– Leviticus 25:37


By offering loans, rather than charity, Hebrew Free Loan of Austin helps recipients to become self-sufficient. According to Maimonides, putting someone on a path towards self-sufficiency is the most valuable form of charity.

BOARD OF DIRECTORS

EDWARD J HOCKFIELD

EDWARD J HOCKFIELD

CHAIRMAN

VICKI OSHEROW

VICKI OSHEROW

CHAIR ELECT

AARON SANSOM

AARON SANSOM

TREASURER

MARVIN SCHRAGER

MARVIN SCHRAGER

IMMEDIATE PAST PRESIDENT

DANA BARUCH

DANA BARUCH

BARBARA CRAMER

BARBARA CRAMER

PAMELA FINER DAILY

PAMELA FINER DAILY

ADAM GROSSMAN

ADAM GROSSMAN

JERROD KOGUT

JERROD KOGUT

PHIL MARKS

PHIL MARKS

SCOTT MILLER

SCOTT MILLER

DIANA RESNIK

DIANA RESNIK

TRACY SOLOMON

TRACY SOLOMON

CO-FOUNDER

DIRECTOR

EMERITUS

MIKE ROTMAN*

MIKE ROTMAN*

CO-FOUNDER

SUPPORT

STAFF

DEBBIE COHEN

DEBBIE COHEN

OPERATIONS MANAGER

*OF BLESSED MEMORY

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