HFLA of Northeast receives an award of $30,000 from The George Gund Foundation to grant interest free loans in the Buckeye and Fairfax neighborhoods. Potential borrowers will be referred to HFLA via several community partners such as Cleveland Neighborhood Progress through their credit building alliance and the Key Financial Education Center as well as through PNC Fairfax Connection and in partnership with Operation Hope.

These funds will allow HFLA in collaboration with other local nonprofits to help with community development in these neighborhoods by helping individuals in need. These funds enable HFLA to expand on what they have already successfully been doing for 111 years in Northeast Ohio, interest free lending for low to moderate income individuals without access to conventional funds.

HFLA’s pace of lending more than doubled from 2014 to this year. The organization has seen growing demand for loans to help potential borrowers escape from predatory lending situations, advance careers through education and the ability to secure vehicles to have transportation for jobs. An interest free loan can often be the difference between keeping your job; being able to support oneself; allowing an entrepreneur the funds to start a business or pay the last needed dollars for college. Interest free lending allows people to help themselves, live with dignity and strengthens Northeast Ohio’s economy.

For more information got to our website, www.interestfree.org or call 216-378-9042 or email, team@interestfree.org

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Lending Interest free since 1904

Planting seeds, growing communities