Gemach
Sign in to saveGemach (, plural, , gemachim, an abbreviation for , gemilut chasadim, "acts of kindness") is a Jewish free-loan fund that subscribes to both the positive Torah commandment of lending money and the Torah prohibition against charging interest on a personal loan to a fellow Jew. Unlike bank loans, gemach loans are interest-free, and are often set up with easy repayment terms.
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Within Vinony's link graph, Gemach is referenced by 32 other articles, and connects out to Jerusalem, book and Judaism.
It sits within the topics Free goods and services, Jewish community organizations and Jewish law and rituals.
Its subject is documented across 6 Wikipedia language editions.
~7 min read
Encyclopedic overview
8 sectionsContents
- Biblical source
- Modern history
- Types of loan
- Repayment
- See also
- References
- Further reading
- External links
Gemach (, plural, , gemachim, an abbreviation for , gemilut chasadim, "acts of kindness") is a Jewish free-loan fund that subscribes to both the positive Torah commandment of lending money and the Torah prohibition against charging interest on a personal loan to a fellow Jew. Unlike bank loans, gemach loans are interest-free, and are often set up with easy repayment terms.
Gemachs operate in most Jewish communities. The traditional gemach concept—that of a money-lending fund—extends loans on a short- or long-term basis for any need, including emergency loans, medical expenses, wedding expenses, etc. However, many people have expanded the concept of gemachs to include free loans of household items, clothing, books, equipment, services and advice. Even small business loans may be obtained.
Excerpted from Wikipedia’s “Gemach” article, available under the CC BY-SA 4.0 licence.