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Causes: Education, Emergency Assistance, Home Improvement & Repairs, Homeless & Housing, Housing Support, Human Services, Scholarships, Scholarships & Student Financial Aid
Mission: Milwaukee Jewish Free Loan Association, inspired by Jewish values, empowers people with temporary financial needs to achieve their goals by offering interest-free loans on a non-sectarian basis.
Results: Milwaukee Jewish Free Loan Association (MJFLA) is an interest-free, non-profit organization that has been offering alternative financial solutions to people of all faiths in Southeastern Wisconsin since 2009. MJFLA’s revolving loan fund is entirely supported by members of the community through private donations. To date, we have loaned over $2,400,000 - with a 99.6% repayment rate, MJFLA recycles funds again and again to make more loans
Target demographics: people with temporary financial needs
Direct beneficiaries per year: 82 individuals with over $350,000 in interest-free loans
Geographic areas served: Greater Milwaukee Area
Programs: interest-free loans for personal use