Friday, March 18

Interest Free Loan Funds: A Tale Of Two Families, Two Countries

Collection boxes in a Jerusalem neighborhood for canned good the be distributed to the needy. (Dave Bender: All Rights Reserved)

"While, on the face of it, Atlanta, Ga. and Jerusalem, Israel may not seem to have much in common, one thing both cities unfortunately do share is the growing burden of a tough economy since the onset of the international monetary free-fall in 2007.

"In both countries, hundreds of thousands of people have lost jobs and businesses, with many falling through the cracks in a daily struggle to pay for food, rent, bills, and then the interest on credit cards and bank overdrafts.

“'I had a company, and I grew and grew and grew, but eventually the economy slapped me in the face,'" one Jewish Atlanta-area businesswoman, who requested anonymity, told AJN.

After seeing her firm lose client after client as the hospitality industry her business served laid off thousands of employees, she finally had no choice but to close down more than a year ago."

Read the rest.


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