Anneleise HallStill getting my head round the hashtags but I’m really keen to join in discussions on #mutualaid #communitycurrencies #socialjustice #sustainablecommunitydevelopment #timebanks #mutualcreditsystems #appreciativeinquiry #permaculture #sociocracy #communitysystems #antifascistorganising #movementbuilding #savingspools (or learn if people into these things use different hashtags 😅) All advice welcome.
Strypey"Because providers of finance expect to receive a lot more than they contribute – a ‘return’ on their ‘investment’ – users of finance end up with somewhat less.
More and more people ... are returning to traditional money-pooling practices. Making their money available interest-free to others gives them access to interest-free money in turn."
Living Economies Educational Trust, 'The Common-Sense Finance of Savings Pools'
Blort™ 🐀Ⓥ🥋☣️I've always wanted to see something like this happen for insurance. I mean the way the current insurance industry operates is such an anti-community scam.
I guess ultimately though, hat you're doing could work as such given that it's interest free, with a person just applying for a loan if needed because of the kind of event an insurance claim would normally be filed for...
ould definitely be great to see a wider adoption of #SavingsPools...
@funwhilelost are you familiar with #SavingsPools?:
https://livingeconomies.nz/solutions/savings-pools
In #Aotearoa savings pools have helped people clear interest-bearing debt, including in some cases paying off mortgates. We use P2P relationships between many smaller pools to raise the savings necessary for larger loans. In one case our pool funded publication of a kid's book written by a member. In principle, savings pools could lend startup and expansion funds to coops.
@mattcropp