GIORGIO
SIMONETTI
I’m interested in economics since I think finance is the first reason of gradual impoverishment of mankind and environmental destruction.
The spirit that moves me is the same that moves a shipwrecked who’s searching for a saving ship. I think JAK banking system represents one of these possible saving ships.
My report about Swedish JAK Members Bank was broadcast on RAI Italian Public television in Spring 2008.
My idea is to edit a longer version of my Report (30-40 minutes) translated in English, containing interviews to members, directors and pioneers that made the dream of an interest-free bank come true.
JAK model, original from Denmark, was imported in Sweden in 1965. Some years ago a new interest-free cooperative was created in Stuttgart, Germany.
My dream is that every country could found interest-free banks in order to create the culture of a new financial and monetary system.
Giorgio Simonetti
|
JAK Bank DVD
For a sustainable
usury-free banking
Swedish JAK bank represents from 1965 a nonviolent movement that fights against the concept of interest applied on money. Its aim is to offer a sustainable and feasible alternative to traditional interest-based banking, reinventing savings and loans service.
This DVD is a report about JAK Membersbank, shot in Sweden in August 2007. It shows how JAK works, which kind of financial tools it offers to members and associations, what’s the spirit that makes nearly 550 volunteers offering their time to spread the JAK idea.
It contains interviews to members, directors of the bank, pioneers that founded JAK in 1965, religious from Muslim and Christian clergy that agree on JAK’s ethical basis.
The price of my DVD will be 10 €. If you are interested in being advised when the video is ready, contact me at info@giorgiosimonetti.net
|
 |
|
RESOURCES
Further information
Last summer I spent 1 month in Sweden to study how JAK interest-free bank works. During my staying I made 21 hours of shootings with the aim of telling the dream of an economy that is intended as sustainable service to people, paying attention to weakest and against the idea of taking money from interest (usury).
|
 |
|
JAK system works as a common pool in which 35.000 members loan their money each others without investing in the financial market
|
 |
|
According with interest-free financial principles, loans and savings are interest-free.
Loan fees are applied to cover administration and risk costs
|
 |
|
Effective interest rate (loan fee) is 2,5% on average (fixed interest)
|
 |
|
Every member is allowed only to have 1 share of the bank, whose aim is not to get any profit out of its activity. The common advantage is to have a feasible, sustainable loan service for every member, paying particular attention to local economy.
|
 |
|
Only resident in Sweden are allowed to ask for a loan with JAK
|
|
