Paamonim
Encyclopedia
Paamonim is a non-profit organization
operating in Israel
aimed at assisting families in financial difficulty so that they may regain their economic independence. Founded in 1997 by Uriel Lederberg, Ya'akov Ya'akobovitch, and Ya'akov Friedman, it assisted over 2,500 families enrolled in its Economic Recovery Plan program in 2010.
On August 9, 2010, the President of Israel
recognized Paamonim as an outstanding volunteer organization.
In addition, financial assistance or loans may be offered when these can be useful in achieving financial stability for the family.
The organization also operates a Division called PAHAMON, which gives preventive lectures and seminars on household finance to groups. There is a fee for this service.
The organization is supported by donations.
Non-profit organization
Nonprofit organization is neither a legal nor technical definition but generally refers to an organization that uses surplus revenues to achieve its goals, rather than distributing them as profit or dividends...
operating in Israel
Israel
The State of Israel is a parliamentary republic located in the Middle East, along the eastern shore of the Mediterranean Sea...
aimed at assisting families in financial difficulty so that they may regain their economic independence. Founded in 1997 by Uriel Lederberg, Ya'akov Ya'akobovitch, and Ya'akov Friedman, it assisted over 2,500 families enrolled in its Economic Recovery Plan program in 2010.
On August 9, 2010, the President of Israel
President of Israel
The President of the State of Israel is the head of state of Israel. The position is largely an apolitical ceremonial figurehead role, with the real executive power lying in the hands of the Prime Minister. The current president is Shimon Peres who took office on 15 July 2007...
recognized Paamonim as an outstanding volunteer organization.
Goals and actions
Rather than provide temporary charitable relief, the organization aims to break the cycle of poverty by focusing on long-term comprehensive solutions to debt and poverty. It does this primarily through trained volunteer mentors/coaches who work with families to find better ways to manage household finances. Each volunteer or pair of volunteers works with one or two families at a time. They help the family get a clear picture of their situation, take actions to improve it, and finally advise the family on how to deal with outstanding debt and plan for the future. At each stage the volunteer consults with senior volunteers, volunteer experts, and professional staff. The mentoring is offered free of charge.In addition, financial assistance or loans may be offered when these can be useful in achieving financial stability for the family.
The organization also operates a Division called PAHAMON, which gives preventive lectures and seminars on household finance to groups. There is a fee for this service.
The organization is supported by donations.