1. AN (APPROXIMATE) AGENDA JAK MEMBERS BANK AND ITS HISTORY. SAVING AND LOAN SYSTEM – HOW DOES IT WORK? SOME MORE INFO ON TAKING A LOAN IN JAK. JAK – A TELEPHONE AND INTERNET BANK. THE HOMEPAGE. QUESTIONS, THOUGHTS AND DISCUSSION. POSSIBILITIES TO ENGAGEMENT AND EDUCATION. EVALUATION.

2. WHAT IS JAK? HOW DOES IT WORK?

3. THE PURPOSES OF JAK: ARE TO SUPPORT THE MEMBERS WITH A BANKING SYSTEM AT COST PRICE...... AND TO SPREAD INFORMATION ON INTEREST-FREE ECONOMY.

4. Ca. 36 000 members whereof 686 are active, constituting 405 informants 24 local groups 2 bank offices 30 employees The share of the Swedish population being members of JAK Members Bank

5. Number of Members from 1992 and Onwards. Number of Members

6. Deposits and Loans (1991 -2009) Deposits Loans

7. JAK DENMARK IS FOUNDED JAK SWEDEN IS FOUNDED STRONG INCREASE IN THE NUMBER OF MEMBERS, LOCAL GROUPS ARE FORMED. SAVING AND LOAN SYSTEM IS INTRODUCED JAK BECOMES A BANK HISTOR Y OF JAK

8. JAK – POLITICALLY AND RELIGIOUSLY INDEPENDENT - BUT OPEN FOR CONVERSATIONS

9. ALL MEMBERS OWN EQUAL SHARES JAK MEMBERS BANK IS OWNED BY ITS MEMBERS

10. SAVER... AS A DIFFERENCE TO OTHER BANKS OWNER BORROWERS

11. FAIR! SAVER BORROWER

12. SAVER BORROWERS UNFAIR!

13. JAK’S SAVING AND LOAN SYSTEM POINTS! INTEREST - FREE!

14. JAK - SAVING POINTS INTEREST REWARD

15. Balance in the Saving and Loan System ”I shall contribute to the system to the same degree as I use it” How do I contribute? By saving. How do I use ít? By taking loans. Hence, I have to save as much as I borrow. To measure ”that I save as much as I borrow” we have to time into consideration: I contribute the system more if I save 10 000 KR for one year, than I do if I save 100 000 KR for one day.

16. Saving points One positive saving point = + 1 SP = To save 1 KR in JAK for one month. (When the saving factor is 1) One negative saving point = - 1 SP = To have a debt of 1 KR for one month. Hence: ”One should save at least as much as one borrows ” means ”One should always have a positive balance of saving points in JAK (today or in the long run)” ”One should always have a positive balance of saving points in JAK (today or in the long run)”

17. SAVING FACTOR POINTS!

18. 1000 KR PER MONTH FOR 3 YEARS, SAVINGFACTOR 1: SAVE ON A REGULAR BASIS SAVING POINTS SINGLE DEPOSITION 10000 KR FOR 3 YEARS SAVINGFACTOR 1: SAVING POINTS UNSURE? - CALL!

19. A LARGER PRESAVING GIVES MORE POINTS. MORE POINTS GIVES A SMALLER TIED SAVING LOAN

20. Tid kr - Saving points + Saving points Saving Amortization The saving is contractual and equal in size to the instalment, if no money has been saved prior to the loan.

21. MEMBER ABILITY TO PAY SECURITY WE HAVE DONE A CREDIT RATING, AND EVERYTHING IS PERFECTLY IN ORDER.

22. SAVEBORROWDEPOSIT THE MORE, THE BETTER 100 000 KR TO BE REPAID OVER 10 YEARS 6% OF THE LOAN = 6000 KR COST ESTIMATION

23. HOW DO YOU CALCULATE THE LOAN FEE? YOU CALCULATE 1.5% OF THE LOAN FOR EACH YEAR OF THE CONTRACT. SO FOR A LOAN OF 100 000 KR OVER 10 YEARS: TOTAL LOAN FEE=

24. WHAT WOULD THE LOAN COST ME? IT HAS A TOTAL COST OF 15 000 KR. + 150 KR FOR THE CREDIT REPORT

25. PROFIT INTEREST LOAN LOSSES ADMINISTRATION SMALL LOAN LOSSES INTEREST-FREE LOANS COST LESS

26. Interest-free Loans Cost Less. ”Normal” bank Administration costs Profit for owners Interest to savers Loan losses JAK Members Bank Administration costs - - Small loan losses

27. TAKING THE LOAN DEPOSIT LOAN AFTER REPAYMENT

28. Equity Deposit why? In order to have a bank licence, JAK is obliged to own a large reserve on its own (ca. 5 million euro). It is the owners of the bank (the members) who ought to make this investment. And we do. How? -Via the membership deposit: Every new JAK member deposits 200 kr. This money is a basic deposit. The following years the member pays 250 kr, not as a deposit but as a membership fee (to cover for annual admin. costs). The basic deposit stays in the bank and add to its capital reserves. - Via the equity deposit: 6% of the loan. This money goes back to the member when the loan is paid off (*). It accounts for a dynamic part of the reserves, which is passed on like a baton. (*) If JAK’s economy is in good order. It has always been..

29. APPARTMENT! PROPERTY! SURTY ! LOANS WITHOUT SECURITY UP TO 100 000 KR

30. YOUR MONEY IS KEPT SECURE. STRONG DEMANDS FOR SECURITY ON LOANS. DEPOSIT GUARANTEE ON ALL SAVINGS. GRYMT GOOD!

31. DEPOSITS + POSSIBLE SURPLUS SAVINGSLOANS LIQUID MEANS

32. PROFIT ADMINISTRATION LOSSES TAX ADVERTISEMENT COMMITIONS, ETC.

33. TAX LOAN FEE MEMBERSHIP FEE ACTIVITIES FOR PUBLIC EDUCATION RETURNS MEMBER BORROWER

34. SMS-LOAN: THE SMALLEST POSSIBLE JAK- LOAN: TWO DIFFERENT KINDS OF LOANS THE JAK-LOAN COST 130 KR. EVERY MONTH I PAY OFF 208 KR AND SAVE 208 KR. IN TWO YEARS I WILL HAVE 5000 KR ON MY BANK ACCOUNT. PUH! I PASSED THROUGH THIS TIME! REPAYMENT PERIOD: 1 MONTH REPAYMENT PERIOD: 2 YEARS

35. WHAT RELATION DO YOU HAVE TO YOUR BANK?

36. THE ORGANIZATION OF JAK MEMBERS BANK

37. THE PUPOSE OF THE ASSOCIATION: FREEDOM OF THOUGHT JUSTICE NON-PROIT EFFORTS

38. JAK Members Bank Association Meeting Layman Auditor External Auditor Election Committee Ethics Councel Committee Internal Auditor CEO Staff, IT Banking Service Savings/Loans, Securities, Liquidities Editor G&G Resp. Publisher G&G Idea/Members Support Local Informants Education Information Marketing

39. VOLUNTARY EFFORTS YEAH! INTEREST- FREE? SAVING POINTS?

40. JAK IS A GRASS-ROOT MOVEMENT FOCUSING ON PUBLIC EDUCATION INSTEAD OF A FEW MINUTES OF TV COMMERCIALS WE ORGANIZE SEVERAL DIFFERENT EDUCATIONAL COURSES

41. THE MEMBERS’ OWN MAGAZINE

42. INTERNET BANK JAK AT COUCHSURF JAK AT FACEBOOK E-SCHOOL

43. BASIC COURSE INITIAL CONTACT JAK-SCHOOL FOR YOUTH JAK-SCHOOL FURTHER EDUCATION AND SEMINARS INTERNSHIP AT THE OFFICE IN SKÖVDE LOCAL GROUPS ORGANIZE CENTRALLY ORGANIZED SOMEONE TELLS NEWPAPER ARTICLE JAK BROCHURE TELEPHONE CONTACT INFORMATION MEETING ETC. TO LEARN MORE

44. WOULD YOU LIKE TO ARRANGE A BASIC COURSE?

45. TAKE THE STEP TO SUPPORT FAIR ECONOMY BECOME A MEMBER WWW.JAK.SE BASIC COURSE