Hebrew Free Loan of San Francisco

Hebrew Free Loan of San Francisco (HFL) is a nonprofit that provides loans with no interest to people living in Northern California. The company lends money to individuals who have a hard time keeping up with their expenses and want to achieve their goals. Borrowers repay their loans as agreed, and the funds go to finance fresh loans for other members of the community. A 91% plus loan repayment rate validates this business model's efficiency. Hebrew Free Loan of San Francisco is a member of the International Association of Jewish Free Loans. IAJFL is a worldwide network of more than 50 Jewish free loan organizations aimed at providing no-interest loans to their community members who are struggling economically. Please check IAJFL's website for a list of free loan organizations in your area if you do not live in Northern California. The organization provides assistance with college or professional school costs. Loans for students who are enrolled at least half-time at an accredited college, university, or licensed trade school or vocational school can be applied for. Do not apply if you are just starting your studies; instead, wait until you are certain of the school you will attend when you submit your application. Undergraduate, graduate, and professional students are eligible to apply for $10,000 per academic year, and they can borrow up to $40,000 every time.