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Lenders Rely on Faith in Humanity
Los Angeles Times, August 30, 2025
By Bob Pool
Interest rates on the rise? Not at a Los Angeles lending institution that has managed to keep its rate the same for 100 years.
The cost of borrowing cash from the Jewish Free Loan Assn. is always 0%.
All that association leaders ask is that clients, who can borrow up to $20,000 at a time, promise to pay the money back.
Interestingly, the default rate hovers around 0%, too................
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