An increased demand from new Jewish immigrants in Latin America and Australia for loans to help them establish themselves in their new homes has brought to an all time peak the number of loans made by domestic loan organizations supported by the Joint Distribution Committee, it was reported today by the JDC overseas headquarters here.
The report says that during 1958, JDC-supported loan institutions made loans valued at a total of $4,836,124 in 19 countries, including Latin America and Australia. These figures do not include loans to handicapped heads of immigrant families in Israel, where more than 7, 000 JDC loans have been issued since 1950 through Malben.
A breakdown indicating the effectiveness of the loans in the countries outside of Israel showed that 68 percent of the loans have been “completely effective” in aiding the borrowers toward obtaining homes or establishing self-support; 12 percent more were listed as “partially successful”; 15 percent were still to be fully evaluated; and only five percent were listed as “failures. “
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
