Managing Money in Mutual Aid Groups

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See also:

Registers of Mutual Aid Groups

How to Run a Mutual Aid Group (+Tools)

Tools for Time or Skills Matching

Tools for Conflict Resolution

So you're in a group of people that perhaps you don't know so well, and you need to move money around in a safe and accountable way. How do you do that?

General Guides

Community Organising for the Coronavirus Crisis

๐Ÿ”—Community Organising for the Coronavirus Crisis

Guide for how to set up mutual aid groups, including a section on money. Open to edit Google Doc.

Tool and Resource Libraries




Collect and spend money transparently. (No fees for COVID-19 projects!)



General Discussion Community



Physical tool lending library. US focus, but global reach



has built a simple geolocated index of smallads for sharing between groups called SolSearch. All the above could plug in to it. REST API only. (Note: seems irrelevant. 'SolSearch' does not appear on the page.)

Mutual Credit

Exchange using community currency - no $$, no problem - free credit.

Time Banks

Made Open



Timebanking UK has just set up a lightly modified version of its platform specifically for mutual aid groups. The underlying platform is available from Made Open.

We Are Tempo


The Time Credits model works simply: people earn Time Credits for time contributed to their community or service. These Time Credits can then be spent on accessing activity across our national network, such as local attractions, training courses or leisure, or gifted to others.



An international network of neighbors helping neighbors




Simbi is a beautifully designed modern mutual credit platform that is international.

They added groups, and this where local COVID-19 groups can start - no tech skills needed: ๐Ÿ”—

Villages / Ripple


Decentralized LETS-like, peer to peer trading system for worldwide use. ย Designed as a system to obsolete and/or complement existing LETSโ€™s worldwide. Useful for bootstrapping a local economy when the regular financial system is not available/reliable. This is not maintained AFAIK. Last tweet was 2018

Community Forge

๐Ÿ”—Community Forge

solid and full-featured, hosted local p2p economy exchange system (LETS) - can also be used for free exchange. No money needed - just swap local units - assume each is ยฃ/$1 equivalent for simplicity.

Setup from this link:


Please try the demo site there to be sure this fits the need - core team have to do some manual setup. Maintained byย matslats.

Local Exchange Trading System

๐Ÿ”—Local Exchange Trading System

A LETSโ€”a Local Exchange Trading Systemโ€”is a membership-based mutual credit system. Trades are made using points and book-keeping rather than money.

Savings Pools (loans)

Savings Pools

๐Ÿ”—What is a savings pool?

facilitates interest-free loans between 10-20 members

The trouble is there really isnโ€™t any open software for this.

A network in New Zealand runs on supermassive MS spreadsheet, which I wouldnโ€™t touch with a bargepole



(blockchain based) is probably good but not free.

Sharing and Gift Economy



Local community sharing - connecting people within walking distance

Freecycle / Freegle

๐Ÿ‡ฌ๐Ÿ‡ง๐Ÿ”—https://freecycle.orgย - International

Freecycle is an email based service that allows people to offer stuff they are happy to give away. It operates as a network of local groups.


shows 12 UK regions, each with a fair number of local groups (click on region name) also a link to become a moderator of a new group.



Created in 2008 - is it still alive?



There is a web portal version too called Freegle


Freegle and Freecycle groups can be accessed from here



An already up and running free platform for giving and receiving services and stuff (including loans of stuff), on a local basis. Itโ€™s created by a nonprofit and anyone can join, anywhere in the world. Like any other platform, In order to be useful, there need to be enough people in your location, so if you are in an area with few users now, you may have to recruit others.



Focused on food sharing

Business Focus

OpenCredit Network


UK business - to - business exchange. Free to join, mutual. Disclosure - the author of the post is a contributor here and is founder at Open Credit Network - linked from here. Itโ€™s a mutual.

๐Ÿ‡ฌ๐Ÿ‡ง๐Ÿ”—Economy Of Hours | Banking Timeย London based

Local Currencies

๐Ÿ‡ฌ๐Ÿ‡ง United Kingdom

Bristol Pound

๐Ÿ”—๐Ÿ‡ฌ๐Ÿ‡งBristol Pound โ€“ More than money

soon going to convert into some other systemโ€ฆ


๐Ÿ”—๐Ÿ‡ฌ๐Ÿ‡งHullcoin | Unlocking the hidden value in Hull's economy

They have a nice app I believe, but the coins are issued through local organisations for very specific types of actions.

Kingston Pound

๐Ÿ”—๐Ÿ‡ฌ๐Ÿ‡งKingston Pound | The local currency for our community

Electronic version as well as printed notes available, small but not grant dependent



In Newcastle under Lyme

๐Ÿ‡ณ๐Ÿ‡ฟ New Zealand

Local Money

๐Ÿ”—๐Ÿ‡ณ๐Ÿ‡ฟLocal Money (Living Economies, New Zealand)