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- Embed this notice@mk @Sirensabotage @RoboftheVolcano @EvolLove "Interest-Free Loans for Jews
Yes, Jewish people can receive interest-free loans. According to Jewish law, it is prohibited for Jews to charge interest on loans given to other Jews, a practice known as ribit[8]. This prohibition is rooted in the Torah and has been strictly adhered to throughout Jewish history[9][10]. To facilitate this, many Jewish communities have established interest-free loan organizations, such as the Jewish Free Loan Association, which provides loans without interest or fees to individuals and families in need[4].
These loans are considered a form of tzedakah, or charity, and are seen as one of the highest forms of charitable acts because they help the borrower become self-sufficient[4]. The practice of providing interest-free loans is meant to foster unity and mutual assistance within the Jewish community, reflecting the values of kindness and support[8][10].
The Jewish Free Loan Association, founded in 1904, is one example of such an organization that serves both Jewish and non-Jewish communities in Los Angeles."