The is one to 2. May 1988 in Frankfurt/Main created loan bank, whose initiators recruited themselves from the debatedebate debate of the 80's and the budding environmental movement. Goals of the were the supply of moneys for the arising at that time, since these were not supported at that time yet by traditional banks, and the development promotion in the third world in such a way specified.

With establishment of the visions were connected by a "“alternative economic circulation"”, to which with establishment of the also the necessary financial means should be supplied to the Ingangsetzung.

In the year 2000 the turned out because of credit risks into an inclination. The had a balance volume of 380 millions DM and 24,000 members at this time.

The business of the was taken over at the beginning of of 2003 by the GLS community bank EEC.

The devalued business shares of the were converted into new portions of the financial service cooperative

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