web analytics
September 24, 2014 / 29 Elul, 5774
At a Glance
Sections
Sponsored Post
Meir Panim with Soldiers 5774 Roundup: Year of Relief and Service for Israel’s Needy

Meir Panim implements programs that serve Israel’s neediest populations with respect and dignity. Meir Panim also coordinated care packages for families in the South during the Gaza War.



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
NY rally against Met Opera's 'Death of Klinghoffer' opera. Sept. 22, 2014.
New York City Site of Huge Rally Against Met’s Klinghoffer Opera
Latest Sections Stories
book-diversity-divine

For each weekly reading, Rabbi Grysman begins with a synopsis of the Torah portion, followed by a focus on a major issue.

South-Florida-logo

It’s Rosh Hashanah. A new year. Time for a fresh start. Time for a new slate. Time for change.

South-Florida-logo

Governor Rick Scott visited North Miami Beach/Aventura on the morning of Wednesday, September 17.

South-Florida-logo

While the cost per student is higher than mainstream schools, Metzuyan Academy ESE is a priceless educational opportunity for children with special needs in South Florida.

Challah-pa-looza helped get the community ready and excited about the upcoming Jewish New Year.

Miami businessman and philanthropist Eli Nash had many in tears as he shared his story of the horrific abuse he suffered from age 8 to 11.

As optimistic as Menachem Rosenberg is – and he said he is going to Uman – he’s sure that this year, most of the travelers will not tour other religious sites or places in Ukraine.

Three sets of three-day Yomim Tovim can seem overwhelming – especially when we are trying to stay healthy.

Is a missed opportunity to do a mitzvah considered a sin?

The sounds and scents of the kitchen are cozy, familiar, but loud in the silence.

Everyone has a weakness. For some people it is the inability to walk past a sales rack without dropping a few hundred dollars. For others, it’s the inability to keep their house organized.

Not enjoying saying no, I often succumbed to requests viewing them as demands I couldn’t refuse.

His entire life was dedicated to Torah and he became a pivotal figure in the transmittal of the Oral Torah to the next generation.

When you don’t have anyone else to turn to… that’s when you’re tied to Hashem the closest.

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: