Free Loan Society

Free Loan Society

When we give money to Tzedakah, we get the biggest bang for our buck.

Perhaps marry off an orphan, pay for a costly medical procedure, or help feed a family for Yom Tov
What if your money can do all that and more?

The Kollel Shomrei Hachomos Gemach extends your Tzedakah by using it to grant interest-free loans. The poor don´t spend your money, they borrow it. The money helps them through a challenging time and lets them retain their dignity – because there is no shame in taking a loan. And as soon as the money is returned, it is lent out again. So your Tzedakah continues giving eternally!

Each month, the Gemach lends staggering amounts to help pay for urgent expenses. In the past year, the Gemach loaned over eight million dollars! Over this past year alone, the Gemach served over 1200 families, averaging 100 loans and over half a million dollars each month!

The Gemach extends large loans, so borrowers don´t suffer the shame and hassle of seeking funds from multiple sources. The typical loan ranges from $7,000 to $10,000 - a small fortune that goes a long way towards wedding expenses, medical care, or major costs.

GEMACH loans have very easy repayment terms. Families sometimes pay as little as $100 a month, so even the poorest families can borrow. It´s almost as if the money is being donated - but it always comes back!

The Gemach has an incredible 100% return rate! Virtually every dollar gets returned, and is lent again.

The Kollel´s underwriting policy requires a guarantor who is a member of Kollel Shomrei Hachomos. This may be a Torah scholar from one of our kollelim, or a recipient of a Kollel Shomrei Hachomos stipend. If the loan is not repaid, funds are deducted from the guarantor´s next check. This policy ensures that guarantors are serious about the loan, and that funds are always repaid.

The Gemach is funded by yidden from around the world. It is Klal Yisroel´s project.

Establish an independent fund

Contribute $10,000 or more, and Gemach Kollel Shomrei Hachomos will open an independent fund that bears your name, or the name of a loved one. Ex: Gemach Zichron Dovid. (Last name optional)

An Ideal Memorial Opportunity! - Open a savings account

Deposit funds in a Gemach Kollel Shomrei Hachomos account. Your money helps your fellow Yidden; yet remains available to you for withdrawal (subject to terms and conditions). A guaranteed investment with eternal dividends!

Highest Form of Tzeddakah

According to the Rambam, lending money and helping the poor become independent, are the highest levels of tzedakah. When you invest in Gemach Kollel Shomrei Hachomos, your interest-free loan gives the gift of independence. There is no more upstanding way to help the poor!

Eternal ROI

Gemach dollars get lent; not spent. Every dollar you send helps the poor, countless times. The same dollar can go for Hachnasas Kallah, and then Bikur Cholim. The return on investment is immeasurable.

Perpetual Merit

Funds donated to the Gemach never stop helping the poor. When you join the Gemach, you continue to accrue zechusim, eternally. The tzedakah even continues after the giver passes on, bringing an aliyah to the neshama for eternity.
lending money and
helping the poor
become independent,
are the highest
levels of tzedakah
By the
families serviced this year
loans each month
dollars each month