Jewish Free Loan Chicago – JFLC
An age-old tradition recrafted for the 21st century, a Jewish free loan is a small personal loan that is interest-free and can be paid back on a timeline that meets each borrower’s individual needs.JFLC Website
Drawing inspiration from core Jewish values, JFLC supports and empowers people of all backgrounds in the Chicagoland area who face financial challenges. The organization achieves this by providing zero-interest loans, which help to improve the financial capabilities, reduce stress, and enhance the quality of life for lower-income residents in Chicago.
Jewish Free Loan Chicago (JFLC) is currently expanding its Board of Directors and actively seeking new members. The organization aims to bring diverse perspectives and backgrounds to its collaborative leadership team, with a focus on individuals who possess a strategic mindset, a strong sense of community, and a passion for economic empowerment. Interested candidates should contact Leah Greenblum, Founder & Executive Director, at Lgreenblum@jflchicago.org to ask questions or arrange a meeting for further discussion.
Meet Founder & Executive Director: Leah Greenblum
How JFLC Operates
Jewish Free Loan Chicago (JFLC) operates by providing zero-interest loans to individuals in need, regardless of their religious background. The organization follows a straightforward application process, which starts with an online form submission. Applicants must have a guarantor and a solid repayment plan. JFLC’s Loan Committee then reviews applications and conducts interviews to ensure borrowers meet the necessary criteria. Approved applicants receive loans for various purposes, such as emergencies, education, or small businesses. By offering interest-free loans, JFLC empowers people in the Chicagoland area to achieve their goals, improve financial stability, and enhance their overall quality of life.
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
Join the JFLC Board
Candidates with expertise in business, finance, lending, technology, risk/compliance, human resources, project management, social work, or donor cultivation are encouraged to apply. To learn more about JFLC’s current leadership team, visit jflchicago.org/about.
Board members typically dedicate around five hours per month to board-related activities. Serving on the board offers numerous personal growth opportunities, such as building connections, gaining experience, and expanding professional networks. Board members also enjoy greater overall life satisfaction through contributing to a meaningful cause and engaging in creative problem-solving and fundraising efforts.