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The establishing of the “H bank”
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To program and utilize latent potentials of local
societies, the “Human Activity Bank” is established in
the region, membership application forms are distributed
and provide the means of locating the latent potentials
"haves" which individuals, families and institutions can
offer in response to requested demands "wants" on a
credit and market exchange system.
The
participatory programs are organized into 7 main
activities:
Exchange of books and documents
Educational programs
Exchange of services
Exchange of means
Cooperation in Production
Business transaction
Capital investment
Membership
Any person, group or
institution who is ready and prepared to participate on
a give and take accountable process can by submitting
the membership form application and accepting the
principles of activity credit exchange be accepted as a
member of the system.
the
“human activity Bank”
Activity:
The basis of credit
and debit accounting
The main economic
resource turnover produced by this system is created
by the active participation of its members. As human
activity forms the basis of investment the
evaluating and crediting system is geared to the
equivalent value of the activity of a simple
untrained worker working one hour = 1 M.P = 1Have =
1 H (1 Hassaneh)
Depending on the
market value of each member’s activities a ratio of
"h" is applied, therefore the more qualified a
member is, the hourly participation has a higher
rating value and the more involvement the more
credit is allocated to his account.
Other exchange
values are accordingly changed from their local cash
currency value to its equivalent H value to be
accredited to their suppliers and debited to those
who benefit from it.
The activity crediting of members
against the benefit of receiving services from the
system are programmed in such a way that part of
their activities are applied to economic
productivity aims so as to make available to the
system a material income through the participation
in shareholding economic projects so as to cover its
cash necessities without charging its own members on
cash basis for the services offered: terms which
would otherwise in
limitations on those who don't have the necessary
access to cash economy.
the debited member are
guided to enviromental and economic
development project aims.
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