Small and Mighty: Hebrew Free Loan Association of Pittsburgh
The Pittsburgh Foundation has awarded a Small and Mighty grant of $15,000 to Hebrew Free Loan Association of Pittsburgh. The Small and Mighty grants program, an outcome of the Foundation’s 100 Percent Pittsburgh organizing principle, has awarded $308,821 this year to 22 local nonprofit organizations with budgets of less than $600,000.
Through this grant, the organization will establish a fund for single mothers seeking interest-free loans. Some low-income single mothers may have difficulty securing traditional loans, which can come with high interest rates if they do qualify.
Through this fund, they could borrow up to $1,200. Hebrew Free Loan Association of Pittsburgh has an annual operating budget of $123,765.
In the first round of Small and Mighty funding, announced in March 2017, a total of $230,000 was awarded to 18 organizations. To date, Small and Mighty has awarded $538,000 in grants to 40 organizations.
To learn more about Hebrew Free Loan Association of Pittsburgh, visit their website.