Announcing KEC Covid-19 Emergency Loan Program
The Covid-19 pandemic is impacting our community and the larger world in a multitude of ways. Compounding the impact is our inability to come together at shul or in each other’s homes. This isolation can add to the insecurity that we all are feeling. But we must remember that we are not alone, and there is much we can do for each other. Please stay tuned for communications regarding opportunities to support each other while still observing social-distancing protocols.
The crisis undoubtedly will present financial challenges to many. To help our families though these difficult times, we announce the KEC Emergency Loan Program:
· Lender: Hebrew Free Loan
· Borrower Eligibility: available to members of the Etz Chayim kehilla who otherwise are eligible for emergency loans from Hebrew Free Loan
· Purpose: to provide funds needed to address the implications of the Covid-19 pandemic, including, for example, emergency child-care costs, medical expenses, income replacement
· KEC Guarantees: through the KEC program, loans of up to $5,000 per eligible family will be guaranteed by the KEC guarantors; note that while the KEC program is capped at $5,000, loans of greater amounts may be available from HFL with additional guarantors
· Limitations: the KEC loan program may be capped at an aggregate guaranty amount yet to be determined
To apply for a loan, please go to https://application.hfldetroit.org/ and indicate that you are a KEC member and wish to participate in the KEC loan program. If you are unable to apply on line or have any questions, please contact Rabbi Lopatin.