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Internet lending scheme is launched

Dr Kate Coldwell, with a bike pump and a sewing machine she has for loan Dr Kate Coldwell, with a bike pump and a sewing machine she has for loan

AN OXFORD scientist is trying to get the city lending and borrowing possessions over the Internet.

The website Ecomodo acts as a free marketplace for people to search for items to borrow or lend.

Now Dr Kate Coldwell, who lives off Cowley Road, has started up an Oxford ‘circle’ within the website and is hoping to enlist as many like-minded people as possible to get involved.

Dr Coldwell said: “It’s really useful for things you don’t want to own.

“If for example you have a small patch of grass and you don’t want to buy a strimmer or lawnmower, you can just borrow one either for free or for a minimal charge.

“We are in the process of moving and we need ladders and wallpaper removers, so I advertised for those and someone’s just contacted me and said I can come down and borrow them.”

There are over 1,000 items listed on the website which can be borrowed, ranging from baby baths to tents. She is hoping it will mean fewer unwanted items are sent to the tip.

Dr Coldwell has listed her sewing machine, for a charge, and a good quality bicycle pump, which she is lending out for free.

She said: “I’m trying to promote it a little bit to get people to join up.

“You need to get a critical mass of people lending and borrowing.”

Oxford already has an active Freecycle group – where users offer up items for free – and regular swapshops are around the city.

But Dr Coldwel hope there was a big market for the lending scheme.

She said: “Lots of people do DIY but don’t want to own all the things they need. It seems a waste everyone having all those bits of equipment in the shed that don’t get used.”

Dr Coldwell is expecting visitors soon and said she hoped to take advantage of the service to borrow things such as baby items.

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She added: “It’s the kind of thing that probably goes on in the community already, but it’s formalising it and opening up avenues so people can make contact more easily.”

To find the Oxford circle searching for your postcode on ecomodo.com

Comments(7)

grumpyofwhitecross says...
12:33pm Fri 26 Aug 11

Sounds like a get rich quick scheme to me...check out the website.

Use Ecomodo to ..

Make and save money
Become a lender and earn money by lending the assets you already have.
Become a borrower and save cash by borrowing the things you don’t need often.

kcoldie says...
1:58pm Fri 26 Aug 11

grumpyofwhitecross wrote:
Sounds like a get rich quick scheme to me...check out the website.

Use Ecomodo to ..

Make and save money
Become a lender and earn money by lending the assets you already have.
Become a borrower and save cash by borrowing the things you don’t need often.
How is Ecomodo a 'get rich quick scheme' if people are borrowing things for free or a small fee? No one's getting rich quick by hiring out a sewing machine for £3/day and a bike pump for free!
It's certainly going to get me out of a bind when I borrow a lawnmower, wallpaper remover and ladders! Highly recommended. -KC

Loxint says...
2:20pm Fri 26 Aug 11

Sounds like a fantastic idea. I have a few power tools that I don't use that much. But there are also some tools that I'd like to use occasionally. Good work!

Darkforbid says...
3:15pm Fri 26 Aug 11

Mad some of the stuff on this site is cheaper to buy on ebay

Lord Peter Macvey says...
4:02am Sun 28 Aug 11

Loxint wrote:
Sounds like a fantastic idea. I have a few power tools that I don't use that much. But there are also some tools that I'd like to use occasionally. Good work!
And when after getting £3 for a days rent your £200 power tool comes back broken, what do you do, send the heavy mob round?

kcoldie says...
10:06am Wed 31 Aug 11

Lord Peter Macvey wrote:
Loxint wrote:
Sounds like a fantastic idea. I have a few power tools that I don't use that much. But there are also some tools that I'd like to use occasionally. Good work!
And when after getting £3 for a days rent your £200 power tool comes back broken, what do you do, send the heavy mob round?
Items can be insured by www.Ecomodo.com and you can choose to take a deposit.

kcoldie says...
10:08am Wed 31 Aug 11

Darkforbid wrote:
Mad some of the stuff on this site is cheaper to buy on ebay
It might be cheap on eBay but what about the burden of ownership? I don't want to own a wallpaper remover but I'd happily borrow/rent one from someone in my local area.

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