THAT power drill sitting in your storeroom. You use it maybe two, three times a year. In its entire lifetime, the tool would probably have been used a total of 30 to 60 minutes. Yet, it is found in most urban households. In fact, our homes are full of such appliances – everything from power tools to camping equipment to power hoses that we hardly use and that end up taking up space and collecting dust.
Doesn’t it make more sense for us to share such under-used equipment? Sam Stephens, a headhunter living in west London, thinks so. Which was why he set up Streetbank.com two years ago with the help of his friend Ryan Davies, an IT consultant. At this online platform, members can offer to lend, borrow or exchange goods and services. Joining the group merely involves three steps:
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