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Israel Free Loan Association Jewish tradition teaches that there is something even better than charity. Nearly a thousand years ago, the sage Maimonides wrote: "A loan is better than charity, for it enables one to help himself." At the Israel Free Loan Association (IFLA) in Jerusalem, we have been bringing this ideal to reality since 1990. The IFLA has extended over $35 million in interest-free loans to more than 20,000 new immigrants and their families from the former Soviet Union, Eastern Europe and Ethiopia, and to Israeli families in need.