You are here:  en  /  Videos  /  Video: Jak Bank

Video: Jak Bank


The Jak Bank is a cooperative bank which believes it is unethical to lend money at interest. Since 1970, it runs an interest-free savings and loan system. In 2008, its members had saved up to 97 million euro’s and borrowed 86 million. Borrowers only pay an exit fee. The bank is owned by its members and has no profit motive. The bank grows at a rate of about 5 percent per year, entirely through word of mouth.









back to Videos

NewsletterSign up for 

our newsletter



Do you have a suggestion, remark or question? E-mail us!



New visions on how we can live together in the 21st century are more than necessary. Click here for an expanding collection of articles.



Like Summer Foundation

on  Facebook




Follow Summer

Foundation on Twitter




Follow Summer

Foundation on



Follow Summer

Foundation on



The Summer Foundation strives for a free, equal and solidary society. More about this…