2020 | Com. Dev. & Basic Needs | $50,000
2019 | Com.Dev. & Basic Needs | $70,000
2018 | Com.Dev. & Basic Needs | $45,000
2017 | Com. Dev. & Basic Needs | $33,000
2016 | Com. Dev. & Basic Needs | $275,000
The Interest Free Micro Loan Fund offers no cost loans to residents of the Magnolia catchment area in Los Angeles. The loans are administered by JFLA, a nonprofit organization that helps people by offering no cost loans to residents of Los Angeles County.
For many, JFLA's interest free loans offer a source of clean capital in the face of dire financial circumstances. Many interest-free loans are used to prevent eviction, keep utilities on, and provide emergency medical and dental care. Others use the interest-free loans for tuition, books, lab fees, and transportation to and from school. Additionally, JFLA has seen an increase in clients seeking small business loans for product investment.