If you are Jewish, live in Colorado, and in need of financial assistance we can truly make a difference in your life.

Jewish Interest Free Loan of Colorado

In 1998, the Jewish Interest Free Loan of Colorado became the newest of over 50 such organizations. Set to help the Jewish community, we are pleased to serve the needs of our people state-wide.

A Tradition of People Helping People

“If you loan money to my people, you shall not lay upon them interest.” – Exodus 22:24

“The world stands on three things: Torah, Worship, and deeds of kindness.” – Pirke Avot 1:2

The mitzvah of lending money to our fellow Jews at no interest has its origin in three verses in the Torah (Exodus 22:24, Leviticus 25:37, and Deuteronomy 23:20). In the Talmud, Simon the Just taught that doing deeds of kindness (gemilut chesed) such as lending to the poor is one of the values which preserves the world. Our great sage Maimonides taught that to lend is more meritorious than to give because it saves the recipient from becoming a beggar.

Throughout our history, Jews have constantly helped one another. We have ransomed the captive and redeemed the oppressed. We have lived by the motto “Kol Yisrael Arayvin Zeh b’Zeh — All Israel is bound together.” In the Middle Ages, many communities set up societies that aided in feeding the resident poor, caring for the traveler in their midst, housing the yeshivah student, dowering brides, and burying the dead.

This age-old tradition was brought over to the United States and Canada from Europe. While other immigrant groups established credit associations, the idea of not charging interest is a particularly Jewish one. Over 100 years ago, the first free loan organizations began in New York and San Francisco. Originally called Gemilut Chesed societies, the name changed to Hebrew Free Loan Societies as the concept spread from city to city.

For further information or for a confidential consultation, please contact Lorie Klumb at lklumb.jifl@sinaidenver.org


Funds may be loaned for a wide variety of emergency/hardship purposes. 


  • Must be Jewish
  • Must have been a resident of Colorado for at least 1 year
  • Must complete application to include employment, assets, liabilities, ability to make all payments (in 12 – 36 months) and guarantor name if necessary
  • Any previous JIFL loan/s must have been paid off – no defaults

Each applicant is asked to complete a comprehensive application. This will be reviewed by the JIFL Administrator who will contact you (usually via zoom) for any necessary clarifications. Committee members will then meet with the applicant (usually via zoom) and the decision will be made shortly after.

The Jewish Interest Free Loan of Colorado is managed by a committee of men and women dedicated to its activities and qualified to carry out its goals. If you meet the qualifications the committee will expedite the process in a manner that will be beneficial to your situation.

All members and officers serve without compensation.

All applications are treated with absolute confidentiality.


Lorie Bohm Klumb, Administrator
Jewish Interest Free Loan of Colorado