Hello Fellow stackers,
I'm working on an app that l developed with a friend. After I bought a house and started stacking, I became a lot more conscious about what I was spending. I had little money left after the down payment but needed to do some renovations and I didn't want to buy a lot of home improvement stuff so I borrowed what I needed and bought what I couldn't get. Afterwards with the increased monthly I started buying 2nd hand more and new a lot less. I also started borrowing a lot more but there's a stigma attached to borrowing, that once you let someone borrow it, you won't get it back which then causes people not to lend anything out. I've found, people will in good faith lend to people they trust and for one reason or another will forget to return or forgot someone borrowed something, once again leading to fear of lending.
Anyways, I've build an app that lets people keep track of what they are borrowing, from who, and how long they've had it. There's a function that allows for you to ask for things back. It works based on your social network so its not some anonymous person asking but someone from your social group, in this case a facebook friend or someone you've manually approved. So if a person doesn't return something they've borrowed from 3 of his friends when they'ved asked for it back, they get locked out from doing anything else until he returns things and they unlock him.
In the app you can give things away or sell them to your social network. You would be able to search your social network for things you are looking for, to borrow, buy, or ask for. So you wouldn't have to buy new. The app turns your social network into a community pool, since we all have excess stuff which sits around for a long time. You would choose what you want to share, give, or sell.
The goal is to minimize what you buy and leverage your social network so we can collaboratively save $$. I believe this works well for small to mid sized communities, families, and friends. If the economy goes downhill, people will naturally consume less and rely on people they trust more. I built it to get rid of the awkwardness for those that believe in 'Trust but verify' and to reduce waste by increasing utilization by introducing a social agreement, that its lending OR giving without confusion.
Please check it out and let me know your thoughts, I'm in private beta now but should be releasing to the public soon.
https://ikeo.com
I'm working on an app that l developed with a friend. After I bought a house and started stacking, I became a lot more conscious about what I was spending. I had little money left after the down payment but needed to do some renovations and I didn't want to buy a lot of home improvement stuff so I borrowed what I needed and bought what I couldn't get. Afterwards with the increased monthly I started buying 2nd hand more and new a lot less. I also started borrowing a lot more but there's a stigma attached to borrowing, that once you let someone borrow it, you won't get it back which then causes people not to lend anything out. I've found, people will in good faith lend to people they trust and for one reason or another will forget to return or forgot someone borrowed something, once again leading to fear of lending.
Anyways, I've build an app that lets people keep track of what they are borrowing, from who, and how long they've had it. There's a function that allows for you to ask for things back. It works based on your social network so its not some anonymous person asking but someone from your social group, in this case a facebook friend or someone you've manually approved. So if a person doesn't return something they've borrowed from 3 of his friends when they'ved asked for it back, they get locked out from doing anything else until he returns things and they unlock him.
In the app you can give things away or sell them to your social network. You would be able to search your social network for things you are looking for, to borrow, buy, or ask for. So you wouldn't have to buy new. The app turns your social network into a community pool, since we all have excess stuff which sits around for a long time. You would choose what you want to share, give, or sell.
The goal is to minimize what you buy and leverage your social network so we can collaboratively save $$. I believe this works well for small to mid sized communities, families, and friends. If the economy goes downhill, people will naturally consume less and rely on people they trust more. I built it to get rid of the awkwardness for those that believe in 'Trust but verify' and to reduce waste by increasing utilization by introducing a social agreement, that its lending OR giving without confusion.
Please check it out and let me know your thoughts, I'm in private beta now but should be releasing to the public soon.
https://ikeo.com
