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How can we start timebanking in Oxfordshire?

It has already started!  A timebank is just starting among an ethnic community in Oxford. And a system is underway in an Oxfordshire village where the neighbours log their needs and offers to support each other using nothing more than a shared mobile phone.

Here some tips I received from existing timebanks about how to get started:

  • There is no set way to do timebanking. It is an organic process depending on who is involved and what we are trying to achieve.
  • An office base in an institution that operates as a community hub can be helpful. Rushy Green timebank is based at the general practitioners surgery. This is a good base as almost everyone goes to the GP practice rich/poor/ young/old, different cultures. The GPs refer patients (eg with mild depression) to the timebank. People are able to use the timebank office to use the computer (IT skills were a very popular request) or to use the telephone (eg people without access to a landline). It is not necessary to have an organisation to host timebanking. The broker can operate from home. But it helps to have a base within the community.
  • Set up needs a “kitchen cabinet” from within the community to take it forward. It may be enough to start with 3-5 active local people to decide how to set it up and to concentrate on a few streets at first but it needs to develop to a larger scale to get a big enough pool of members.
  • Timebanking is more likely to be successful if it is led by residents and members, rather than by community development workers, housing associations, or local authorities. Involvement of professionals is helpful but timebanking must be led by the residents themselves so that it is not seen as professionals doing things to and for people. It can be inspiring to show videos from other timebanks and to invite members of other timebanks to come and talk to the community. It is also best if residents help to select the broker and define the scheme as they then champion it in their community.
  • What groups are already active in the community? Find out what they are passionate about. Present timebanking to them. Hold a community event to talk about timebanking (residents come up with ideas, prioritise 3-5, decide together how to set it up and start).
  • Offer time credits for group activities. This could be a coffee morning, an activity such as renovating a community garden (people can earn credits for gardening, building, making food etc), a parents group, a health group, a big lunch, a skill sharing event, a bring and fix event. Timebanking credits could offered for participation in events that are already planned. Good questions for participants include “When did you last ask for help” and “What are your concerns?” – to find out what energy there is around different issues.
  • Involve organisations at an early stage eg the schools who could earn credits by offering the use of their hall, then give credits to people who come in to help students with reading.

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New ways of finding funding: crowd funding, peer-to-peer lending

Funding is the number one problem for many community groups. We often don’t need much, but it takes time to put in funding bids or organise fund raising events. Aggregators of micro-finance and social peer-to-peer lenders are another way of raising funds or getting donations.

The number of online alternatives to traditional banks and loan companies is growing. This helps channel funding to good projects and also gives us the power to take our savings and lending out of the traditional banking system which has caused so much chaos (http://bit.ly/rPR5SC).

Many of these online funding outfits aggregate donations and loans specifically for socially beneficial projects. This lets investors pool their money and donate or lend to projects they like and allows those with good ideas to get them funded more easily:
• SoLoCo http://www.soloco.co.uk/ is a coop that aggregates donations for projects which benefit the community.
• Buzzbnk https://www.buzzbnk.org/Home.aspx is a social enterprise crowdfunding http://bit.ly/9LvEbg ventures that deliver social or public benefit (both donations and loans). Backers pledge money, time or both and carry the message to their own social networks and communities.
• Civilised Money http://www.civilisedmoney.co.uk/ launched in Nov 2011 and offers charitable giving and peer-to-peer lending. It uses people-to-people networks to provide an ethical, transparent alternative to the existing financial services industry.
• Crowdfunder http://www.crowdfunder.co.uk/ will lend to any entrepreneurial or creative project.
• Quakle http://www.quakle.co.uk is a peer-to-peer lending website where borrowers’ trustworthiness is based on social reputation and relationship rather than on the credit grade. You can lend money to people you know, in a structured but friendly way, cutting out bank costs.
• Abundance is launching soon http://www.abundancegeneration.com to aggregate micro-finance for renewable energy

References:
• Academic: “Economic Lives: How Culture Shapes the Economy” Viviana Zelizer
• Practical info: Twitter @crowdfunduk #crowdfunding