The International Association of Hebrew Free Loans (IAHFL) is an umbrella organization for Hebrew Free Loan societies, organizations that offer interest-free loans. There are members around the world, with most in North America. Each member organization has its own rules regarding such things as who may borrow, the maximum loan amount, and the repayment process. However, all offer loans without interest.
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."
The IAHFL provides a forum for independent free loan societies to interact, share information, and helps establish new Hebrew Free Loans. There is an annual conference hosted by a member organization.
The IAHFL produces a newsletter several times a year. Back issues are available at IAHFL newsletters.
Read more about International Association Of Hebrew Free Loans: Annual Conference
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