NEW YORK (Apr. 25)
Nearly a thousand refugees have received loans from the National Refugee Service for various enterprises, Arthur D. Greenleigh, acting executive director, reported today.
Through the Capital Loan Committee of NRS, established two years ago to help in the economic adjustment of refugees, a number of small manufacturers, storekeepers, craftsmen, physicians, farmers, musicians and others were able to make a new start. Some of the loans were used to finish studies or to establish practices or professions; some for retraining in related or new fields. Repayments are made on the loans as the success of the enterprise permits. In 1940 the Capital Loan Committee made loans totalling $172,550, while repayments on previous loans amounted to $23,100.