Saturday, December 3, 2011

Loans Without Profit Help Relieve Economic Pain

We had a similar experience as people would come to our house to meet with our father as he ran a gemach as well. They would meet down in the basement.

Article in the NY Times
New York - When Hirshy Minkowicz was growing up in a Hasidic enclave of Brooklyn 30 years ago, he often noticed visitors arriving after dinner to meet with his father. They would withdraw into the study, speak for a time, then part with some confidential agreement having been sealed.

Click to read the rest of the article. Rabbi Weiss of Staten Island is quoted as well.

5 comments:

  1. Yep. Back then a gemach meant $$. Never heard of a cardboard box gemach back in the day.

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  2. Wait, I need more info. Who supplied the money that was lent out?

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  3. I think it was a gemach from our little shul.

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  4. As I remember the shul had a gemach. Two signatures were needed to sign the check given to the person who requested the money. If I remember correctlty, the money was to be paid back and the lendee would provide head checks. Or just repay teh loan in a given time if possible. I don't remember people using the basement but I do remember meeting in the dining room. But it does make sense people met in the basement becasue Daddy had his desk there.

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