Lending to the Poor
Rambam's famous "ladder of tzedakah" places the highest value on lending money to a poor person to help that person become self-sufficient.
| Translation | Original |
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| There are eight degrees of tzedakah, each higher than the next. The highest degree, exceeded by none, is that of the person who assists a poor person by providing him with a gift or a loan or by accepting him into a business partnership or by helping him find employment – in a word, by putting him where he can dispense with other people’s aid. With reference to such aid, it is said, “You shall strengthen him, be he a stranger or a settler, he shall live with you” (Vayikra [Leviticus] 25:35), which means strengthen him in such a manner that his falling into want is prevented. |
שמנה מעלות יש בצדקה זו למעלה מזו, מעלה גדולה שאין למעלה ממנה זה המחזיק ביד ישראל שמך ונותן לו מתנה או הלואה או עושה עמו שותפות או ממציא לו מלאכה כדי לחזק את ידו עד שלא יצטרך לבריות לשאול, ועל זה נאמר והחזקת בו גר ותושב וחי עמך כלומר החזק בו עד שלא יפול ויצטרך.
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-In fact, Rambam draws a specific distinction between tzedakah and lending money to a poor person, placing lending in an entirely separate category because it prevents a poor person from descending to the level of needing a handout, and thereby preserves their dignity.
| Translation | Original |
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| It is a positive mitzvah to lend to the poor, as it is said, “You should lend money to my poor, the poor of your people.” One might have thought this was a discretionary act. But the Torah teaches, “You must open your hand and lend him sufficient for whatever he needs” (Deuteronomy 15:8). And this mitzvah is greater than [giving] tzedakah to the poor who ask for it, for he is already at the stage where he must ask, while this one has not yet reached that stage. And the Torah specifically rebukes one who refrains from loaning [to the poor in this manner], as it is said, “[If] you are mean to your kinsman and give him nothing, he will cry out to God against you, and you will incur guilt.” (Deuteronomy 15:9). [AJWS translation] |
מצות עשה להלוות לעניי ישראל שנאמר אם כסף תלוה את עמי את העני עמך, יכול רשות תלמוד לומר העבט תעביטנו וגו' ומצוה זו גדולה מן הצדקה אל העני השואל שזה כבר נצרך לשאול וזה עדיין לא הגיע למדה זו, והתורה הקפידה על מי שימנע מלהלוות לעני שנאמר ורעה עינך באחיך האביון וגו'.
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| Translation | Original |
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| Every seventh year you shall practice remission of debts. This shall be the nature of the remission: every creditor shall remit the due that he/she claims from his/her fellow; s/he shall not dun his/her fellow or kinsman, for the remission proclaimed is of Adonai. [JPS translation edited for gender-neutrality] |
מִקֵּץ שֶׁבַע שָׁנִים תַּעֲשֶׂה שְׁמִטָּה: וְזֶה דְּבַר הַשְּׁמִטָּה שָׁמוֹט כָּל בַּעַל מַשֵּׁה יָדוֹ אֲשֶׁר יַשֶּׁה בְּרֵעֵהוּ לֹא יִגֹּשׂ אֶת רֵעֵהוּ וְאֶת אָחִיו כִּי קָרָא שְׁמִטָּה לַה': |
-For even in the Torah, there is recognition of the possible unintended consequences of shemitah.
-If debts must be forgiven every seven years, lenders will be wary of making loans as the shemitah year approaches and the poor will be unable to access credit. Despite the Torah's warning, this is exactly what happened.
It took Hillel's unusual and ingenious legal innovation of the prosbul to address this unintended negative consequence of shemitah.
-While the prosbul was designed to address a very particular flaw in the lending mechanism, it sets a precedent for the need to radically alter the credit system if that system is burdening instead of helping the poor.