Anonymous donor to provide interest-free loans for Philadelphia federal workers

Anonymous donor to provide interest-free loans for Philadelphia federal workers
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An anonymous donor in Philadelphia is providing hundreds of thousands of dollars' worth of interest-free loans to federal workers in the city who are affected by the ongoing government shutdown.

The Philadelphia Inquirer reports that an anonymous donor contacted the former president of the Hebrew Free Loan Society of Greater Philadelphia, Marshal Granor, and offered $500,000 in interest-free short-term loans to federal employees in the city who have been furloughed as the partial shutdown drags on.

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“I almost fell out of my chair," Granor told the Inquirer. “We hope by [5:00 p.m. Monday] the money is gone, unless some wonderful readers want to extend the program by adding their own money."

The loans must be repaid within 90 days of being accepted, and require no co-signers to be approved.

Checks for $1,250 began being distributed on Friday, and will be available Sunday and Monday as well.

Ira Coleman, 30, was the second federal worker in Philadelphia to receive a loan under the program and told the Inquirer that he wasn't sure how long his finances would stay afloat if the shutdown, which entered its 28th day on Friday, remains in effect.

“It’s very stressful,” Coleman, who is working without pay amid the shutdown, told the newspaper. “I’m not sure how much longer we can hold up like this.”

“It’s a true blessing,” he added of the loans. “I don’t know how else to describe it. It’s good to see people actually care.”

President TrumpDonald John Trump Former US ambassador: 'Denmark is not a big fan of Donald Trump and his politics' Senate Democrats push for arms control language in defense policy bill Detroit county sheriff endorses Booker for president MORE and the Democrat-controlled House of Representatives have fought for weeks over Trump's demand for more than $5 billion in funding for a wall along the U.S.-Mexico border.

Federal workers are set to miss a second paycheck on Jan. 25 if the shutdown is not averted by then.