web analytics
September 2, 2014 / 7 Elul, 5774
At a Glance
Sections
Sponsored Post
Jerusalem Mayor Nir Barkat (L) visits the JewishPress.com booth at The Event. And the Winners of the JewishPress.com Raffle Are…

Congratulations to all the winners of the JewishPress.com raffle at The Event



Teaching Our Community To Fish

Mr. Stein (not his real name) saw his career hit a dead end three years ago when the market went sour. As a commercial real estate broker, he and his wife, Devora, then a student studying toward her degree in social work, knew something had to change quickly if they were to survive financially. Friends and family members had suggested they open their own business, but the Steins had no money to invest in the project. They had no credit and the money they borrowed from relatives went directly to day-to-day living.

That’s when they contacted the Emergency Parnossa Initiative (EPI) and the OU Job Board and began the process of transforming their lives.

“This loan has enabled us to pick up a sinking ship,” said Mrs. Stein. “We are a beautiful family with a new direction and new energy to keep trying to build our lives.”

The OU Job Board and EPI collaborate to bring financial security to members of the Jewish community through job placement, interview training, and skill-enhancing seminars and webinars. Most notable is the EPI’s Business Gemach (free loan) program, which offers matching loans, up to $25,000, to individuals who propose a viable business plan and prove their know-how at a formal presentation. Once the proposal has been accepted, EPI provides mentors who are knowledgeable in that field to help with advice and business direction.

Like the Steins’s enterprise, many of these businesses are not just surviving, they’re thriving. The Steins opened a clinic to service people with mental health issues, and their largest client currently boasts eighty nursing homes. Other loan recipients have created businesses in industries including construction, vacuum cleaners, cash machines, publishing, wigs, Judaica, clothing, gluten-free products, pizzerias, school uniform manufacturers, gymnasia, and day care services.

An EPI loan enabled Mordechai and Elisheva Rosen of Far Rockaway, New York, to pursue their dreams of opening a women’s clothing store geared toward an Orthodox clientele. As a young couple they simply didn’t have the financial ability or support to launch a business.

With sufficient capital from an EPI loan to begin their venture, the Rosens opened Fame. Two years later, the Cedarhurst, New York store has become a popular outlet for women’s apparel. “We are now able to support ourselves in a dignified manner,” said the Rosens. “It’s an amazing feeling.”

More than simply finding jobs for those out of work, EPI works to build a robust financial infrastructure within the Jewish community.

“OU President Dr. Simcha Katz told me how enamored he is with this aspect of EPI,” said Rabbi Zisha Novoseller, executive director of EPI. “These loans result in parnassah (income) for the owner and the people they hire. They are building Jewish communities with the stability they bring.”

Rabbi Novoseller, a former business executive, knows all about giving. Descended from a long line of chassidic rebbes, he says acts of kindness are in his genes. “We’re in the business of helping Jews,” he said. So when some prominent businessmen offered to fund EPI, he immediately went to work.

Sometimes, loan applicants are directed to Rabbi Novoseller from the OU Job Board, where they’ve either looked for a suitable job or been coached for a career path. Often, Michael Srulie Rosner, international director of the OU Job Board, will connect these entrepreneurs with others in the industry to give them a leg up once EPI has granted them a loan. And with EPI offices housed in the OU’s headquarters in New York, an alliance of this kind can, and does, produce vast results.

“The networking we’ve gained from the OU Job Board and Srulie in particular has been invaluable to these people,” said Rabbi Novoseller.

But it’s not only young businesspeople who request loans. Many middle-aged and older members of the work force have been facing financial adversity and are motivated to start their own companies. And with many years of business experience and a more mature way of thinking, they are prime candidates for loans, said Rabbi Novoseller.

In the nearly three years since the gemach’s inception, EPI has awarded 77 loans, which are backed by guarantors. Only one beneficiary has defaulted on a loan, and in total they provide employment for more than 300 individuals. A few companies have already surpassed one million dollars in sales. Being associated with EPI has also opened doors for people who need to demonstrate that someone has faith in them and their business model. After a new company receives a gemach loan from EPI, family and friends are often more forthcoming with further loans needed to grow the business.

About the Author:


If you don't see your comment after publishing it, refresh the page.

Our comments section is intended for meaningful responses and debates in a civilized manner. We ask that you respect the fact that we are a religious Jewish website and avoid inappropriate language at all cost.

If you promote any foreign religions, gods or messiahs, lies about Israel, anti-Semitism, or advocate violence (except against terrorists), your permission to comment may be revoked.

No Responses to “Teaching Our Community To Fish”

Comments are closed.

SocialTwist Tell-a-Friend

Current Top Story
Hamas' Ismail Haniyeh would replace Abbas chairman of the Palestinian Authority if elections were held today.
Poll: Hamas Would Rule Judea and Samaria in New Elections
Latest Sections Stories
LBJ-082914

What better proof do we need than the recent war with Hamas in Gaza, dubbed “Operation Protective Edge,” that transformed the pain and suffering of three families into a sense of unparalleled unity and outpouring of love of the entire nation of Israel?

Katzman-082914

So many families are mourning, and all along we mourned with them.

Astaire-082914

In addition to his great erudition, Rabi Akiva was known for his optimism.

Kupfer-082914-Chuppah

She told me that she was busy and that he could sit in his wet clothes for the rest of the day. It would teach him to be more careful.

What can we do to help him stop feeling so sad all the time?

Children with dyslexia or dysgraphia frequently have problems in social relationships.

Israel’s neighbors engaged in hostilities from the onset. The War of Independence was a hard-won battle. Aggression and enmity has followed for 66 years.

The contest will include student-created sculpture, computer graphic design, collage, videography, PowerPoint and painting.

David, an 8-year-old boy on the autism spectrum, recently attended a Friendship Circle event. As he entered he told his Dad, “I love coming to the FC programs ‘cause everyone loves each other.”

Goldsmith himself went on his own “voyage of discovery” to the places where his grandfather and uncle landed and were sent.

Frank proclaimed himself Zvi’s successor and the reincarnation of King David.

You’re probably wondering why the greatest advocate of fast and easy preps in the kitchen is talking about layer cakes, right?

Almost immediately the audience began singing and clapping and continued almost without stop throughout the rest of the concert.

As of late, vintage has definitely been in vogue in the Orthodox community.

More Articles from Chana Mayefsky
Mayefsky-030813

As new tech gadgets evolve and old ones slowly fade away, good manners never go out of style.

Mr. Stein (not his real name) saw his career hit a dead end three years ago when the market went sour. As a commercial real estate broker, he and his wife, Devora, then a student studying toward her degree in social work, knew something had to change quickly if they were to survive financially. Friends and family members had suggested they open their own business, but the Steins had no money to invest in the project. They had no credit and the money they borrowed from relatives went directly to day-to-day living.

That’s when they contacted the Emergency Parnossa Initiative (EPI) and the OU Job Board and began the process of transforming their lives.

Suffice it to say that when I moved in with Dorothy, my friends were in shock. Most of them were planning to live in the more popular Washington Heights, whereas I had decided to remain in midtown Manhattan. Mostly, however, most of their astonishment was because I was 22, and Dorothy, or Mrs. Hilf, as I call her, was 95.

Printed from: http://www.jewishpress.com/sections/features/feautures-on-jewish-world/teaching-our-community-to-fish/2012/06/07/

Scan this QR code to visit this page online: