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Community Loans and Rents

Bromley’s Greener & Cleaner shopping centre hub, in the United Kingdom, will host a Library of Things, in which residents will have the chance to rent anything, from electric drills to tents. There will be onsite workshops aimed at teaching the public how to fix their goods and how to reduce their food waste, as well as recycling stations and a shared fridge to redistribute excess food.

In Xiamen, China, the Lagom Zakka food store sells sustainable products, hosts exchange of products (swap shops) and reinvests part of its profit in the community.

The necessity to share free food is expanding on a global level. The British app, OLIO, which allows users to share photos of undesired food with neighbours in need, has gotten a 43 million dollar loan to aid its expansion in Latin America, Northern Europe and Asia. Moreover, the financial support will facilitate the growth of its Food Waste Heroes programme, which assists food companies in achieving the objective of zero food waste.


Free to download app, P2P, developed by the British headquartered company, By Rotation, allows its 32,000 users to rent designer products at a fraction of their cost.

 

Possible course of action:

peer-to-peer (P2P) renting, sharing schemes and loaning are allowing individuals to access and consume products in a more sustainable fashion. Offering customers the possibility to choose how they wish to consume products and granting them the chance to rent goods, supports circular economies.

 


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