Hebrew Free Loan Society675 Third Avenue suite 1905New YorkNY10017
2006
The Hebrew Free Loan Society (HFLS) fosters economic self-sufficiency and economic security among New Yorkers in need through interest-free lending. Primarily serving the Jewish community, we work in partnership with others to ensure that our programs respond to identified needs, that we are nimble in adapting to the dynamic changes in our community, and that we make a discernible difference in the lives of those we serve.
The goal of HFLS's microenterprise program is to help low- and moderate income residents of New York City, Long Island, and Westchester establish or expand a small business as a path to economic security with interest-free loans up to $50,000.
Currently Viewing: 2017 Reporting Data
Summary
Provides Microenterprise LoansYes
Lending Types
Individual Lending
Tracks Credit ScoresYes
Reports Borrower Credit PerformanceYes
Microfinancing Volume
Number of Microloans Disbursed 49
Value of Microloans Disbursed $1,442,300
Value of Microloans Outstanding $1,929,412
Portfolio Quality
Total Portfolio at Risk 2.68%
Loans Past Due
30 to 60 $12,999.96
61 to 90 $24,472.09
91 to 120 $0
More than 120 $14,158.15
Other Financing Products
Small Business LoansNo
Leverage Package or Guarantee Loans?No
Individuals Served 222
Clients Served 157
Businesses Served 49
Demographics
Gender
Women - 22.93%
Men - 77.07%
Other - 0%
Unknown - 0%
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Ethnicity
Mixed-race - 0%
African American/African-born - 0%
Latino - 0%
White/Caucasian - 100%
Asian/Pacific Islander - 0%
South Asian - 0%
Native American/Alaska Native - 0%
Other - 0%
Unknown - 0%
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HUD Low Income Standard
Below - 84.08%
Above - 15.92%
Unknown - 0%
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Business Status
Business Status
Operating - 98.09%
Not Operating - 1.91%
Unknown - 0%
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General Program Info
Area Types Served
Urban
Member Associations
Not a member of a SMA
Organization Description
Stand-Alone Microenterprise Organization
Geographic Area Served
New York
Geographic Area Served DescriptionThe five boroughs of New York City, and Nassau, Suffolk, and Westchester counties in New York State.
Staffing
# FTEs 2
Individuals Served per Full-Time Equivalent Staff 111
Clients Served per Full-Time Equivalent Staff 78.5
Budget Info
Operating Income $99,404
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