Managing Money in Mutual Aid Groups

How to manage money in groups large and small

πŸ’¬ WhatsApp Chat for Mutual Aid Economy section πŸ’¬

Link Drop

✏️ Edit this document to make it better ✏️

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


πŸ”—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. Wikipedia.

Time Banks



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.


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: πŸ”—

Villages / Ripple


Decentralized LETS-like, peer to peer trading system for worldwide use.  Designed as a system to obsolete and/or complement existing LETS’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

πŸ”—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 Β£/$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 by matslats.

πŸ”—Local Exchange Trading System

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

Savings Pools (loans)

πŸ”—What is a savings pool?

facilitates interest-free loans between 10-20 members

The trouble is there really isn’t any open software for this.

A network in New Zealand runs on supermassive MS spreadsheet, which I wouldn’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

πŸ‡¬πŸ‡§πŸ”— - 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. It’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


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. It’s a mutual.

πŸ‡¬πŸ‡§πŸ”—Economy Of Hours | Banking Time London based

Local Currencies

πŸ‡¬πŸ‡§United Kingdom

πŸ”—πŸ‡¬πŸ‡§Bristol Pound – More than money

soon going to convert into some other system...

πŸ”—πŸ‡¬πŸ‡§Hullcoin | 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.

πŸ”—πŸ‡¬πŸ‡§Kingston Pound | The local currency for our community

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


In Newcastle under Lyme

πŸ‡³πŸ‡Ώ New Zealand

πŸ”—πŸ‡³πŸ‡ΏLocal Money (Living Economies, New Zealand)

general information...