LOAN MONEY TO THE POOR.
Jewish Organization That Does Not
Demand Pound of Flesh.
In order to aid the deserving poor who have to make occasional loans, the Society of Gemilus Chasodim, an organization composed of Jewish women, a scheme for lending money without security or interest has been evolved. The annual report made by the treasurer, L. J. Cohen, shows that the society has made loans aggregating $5,025, during the past year. The losses from non-payment by borrowers has amounted to less than 1 per cent of the whole. Under ordinary circumstances the loan is paid back in weekly installments of $1, but if the borrower is unable to meet the payment a longer time is given. The total funds for the organization during the past fiscal year were $5,772.60. A balance of $694.56 is left on deposit in the Fidelity Trust Company.
