About the project
Time Bank is a program that creates an alternative community economy in which time rather money is the means of exchange. Participants ‘deposit’ their time by giving practical help and support to others, and are able to ‘withdraw’ their time when they or their families need something. Exchanged services include everything from gardening to homework help to French lessons. Nearly 400 residents and organizations in each neighborhood of the Germany Colony and Kiryat Menachem participated in a 3-year start-up program, which the Jerusalem Foundation and its partners, the Joint Distribution Committee Israel and the Israel Association of Community Centers hope will become a city-wide, self-sustaining project. The Time Bank program was expanded to the Ramot neighborhood in 2005.