Loans Available
For Immigrants
Quality you can build on,
a name you can trust.
PHIL JACOBS EDITOR
"A loan is better than charity, for it
enables one to help himself."
— Maimonides.
E
liezer Jaffe loves to tell sto-
ries.
There's the Russian bal-
lerina who needed to get a
start on her new life as an Israeli.
There's the artist who put up
piece of his work as collateral.
Then, there's the Ethiopian fam-
ily who had next to nothing, yet
dreamed of a home in Jerusalem.
Dr. Jaffe, the unpaid chairman
of the Israel Free Loan Associa-
tion, is helping make more of
these stories happen. The IFLA,
which follows the models of free
loan associations in the
Diaspora, was founded in April
of 1990.
Some $4 million in IFLA loans
are in circulation, serving most-
ly Soviet and Ethiopian olim as
well as Israelis with large fami-
lies. Since its inception, IFLA has
provided approximately 5,000 in-
terest-free loans, representing
five loan categories. The areas in-
clude general and emergency
loans for rent, housing needs,
food, health and dental care, fur-
niture, debt consolidation, basic
home repairs, special-education
needs and other more urgent re-
quirements.
Loans are available for small
businesses, to students, to needy
families with four or more chil-
dren, and for homes for Ethiopi-
ans living in hotels, caravans or
absorption centers.
Loans average about $2,500.
However, monies up to $12,000
are available for business, emer-
EllezerJaffe
gency needs, housing and college
tuition.
Recipients must be working
and be able to provide two guar-
antors who also are working. Re-
cipients must work out a
repayment schedule and provide
post-dated checks for repayment.
"Listen, life is a loan, and I feel
it's important for all of us to give
back something," said Dr. Jaffe,
who immigrated to Israel 35 years
ago and now serves as professor
in the school of social welfare at
Hebrew University in Jerusalem.
"The real shame is for people
not to use us. Because, typically
we can be of help." [1]
*.. .0i 4 ttighq000144.
Recognized by Remodeling Magazine for excellence in design and construction.
Quality craftsmanship. Whether it's for your home or business, we take your ideas and bring
them to life... with creativity and cost efficiency. Where perfection is always in the plans.
fin QUALITY
CONSTRUCTION
RESIDENTIAL — COMMERCIAL
INRECON
i•mmit
We specialize in desigh & buitcl for
Americans with Disabilities. ADA...
Barrier tree construd fT.n
Call for a free estimate — 846-5735
7937 Schaefer Road • Dearborn, MI
NATIONAL ASSOCIATION of
the REMODELING INDUSTRY
Regional "Contractor of the Years
A lasting
measure of your
affection...
Diamonds By The Yard
exclusively from Tappers.
0
The most versatile diamond jewelry
she'll ever wear, Diamonds By The
Yard are the perfect accessory whether
she's shopping or at the opera.
Fashioned in 14kt. gold and diamonds
at prices that will pleasantly surprise
you. Discover Diamonds By The Yard
only at...
On the fourth day of Chanukah, the children of the Ganeinu Pre-School held their
annual Chanukah celebration for their parents and grandparents. Ganeinu's
kindergarten class also presented a small skit. Each of the three classes wore hats
depicting an aspect of the miracle of Chanukah.
Diamonds
and Fine Jewelry
26400 W. 12 Mile Road
Southfield, MI 48034 • (810) 357-5578