Lending Money to Friends… and Getting it Back

At one point or another, we all needed to borrow money. The easiest option usually seems to be to ask our parents, siblings or friends instead of going to a third party bank or using our credit card limits. The borrower side of the story is much easier than the lender. It takes courage to ask but when we’re stuck it can be done. We usually are sincere when asking a friend to lend us a few dollars to grab coffee or asking a friend to cover your bill at the pub because you didn’t know you needed to bring cash. And the day is over and we usually forget that we borrowed the money. The nice friend on the other hand who saved us from the jam is now in the endless waiting loop of either waiting for the lender to remember to return the money or the awkward moment of asking for her money back.

The common advice is to usually avoid lending money to friends and family, because 1) they will usually forget to pay you back and  2) it’s awkward to ask for your money back. On average, only 30% of the money we lend out to friends and family is paid back but we continue to lend money out to them because we are wired to help, specially people we love and respect.

Only 30% of the money we lend out to friends and family is paid back!

It’s a real problem and there’s an easy solution: use Lendogram to keep track of money you lend to friends and family and set up notifications so your friend is reminded to return your money! Continue being the amazing and helpful friend but make life easier for you and remove the awkwardness of asking for your money back!

Peer-to-Peer Library of Things















The Value of Generosity




























These findings were reported in the PNAS journal.

In short – generosity is not a zero sum game.




Library of Things




ThingsThe public book libraries of Sacramento








The Library of Things in Berlin







Library of Things in the UK








Communities Matter

The estates and flat complexes of 1980’s Ireland, although often facing social problems and poverty in their own right, were also thriving, vibrant and convivial places to grow up. Children would roam the streets and play outdoors together, mothers would chat over back-yard walls while hanging out the washed clothes, and front doors were rarely closed or locked.

There was an intimacy and connection amidst it all that lent itself to a sense of place and community. It wasn’t idyllic of course, and many welcomed the opportunities economic growth brought – a chance to get work outside of the community, to earn higher wages, to get a university education, to move out to more upmarket neighbourhoods, to travel or move abroad.

However with that growth and social mobility, there was also an erosion of the bonds that tied people together in the places where they lived. In some suburban areas of Dublin, with people working long hours, facing long commutes and turning to more individual free-time activities it became common for people to barely know or interact with their neighbours and to feel less connected to the physical space they lived in. People were more likely to spend their free time in their high-spec newly purchased homes, than in the local park. Perceptions of safety changed, and children played less often outside with their peers. Hedges grew higher, doors were locked and supermarkets replaced the local grocer, butcher and bakers.

The shift in economic circumstances has brought with it a realignment of values in some communities

Fast forward to Ireland today, and something exciting is happening around community. Without undermining the harsh reality of increased unemployment for many families, the shift in economic circumstances has also brought with it a realignment of values in some communities across the country. People are feeling a need to look outwards, connect with those around them, and create opportunities for sharing, supporting one another and igniting initiatives that sustain local economies and make the places we live more enjoyable places to be. More people are attracted to networks and platforms that allow communities to pool and share resources, and in doing so build greater bonds of trust.

Cloughjordan Ecovillage is a registered educational charity and an internationally recognized destination for learning about sustainable living.

Residents regularly come together for pot-luck meals in people’s homes, and the village-wide email list acts as a means to communicate and share open invitations to parties, celebrations and events organised by individuals

Nowhere is this more prevalent than in the rural Irish community of Cloughjordan, Co Tipperary. A small village in the midlands, with a strong sense of community in its own right, it has in recent years become the location of Ireland’s only eco village project. The project, essentially a neighbourhood off the main street of the existing village, has inspired and contributed to a thriving, vibrant and interconnected community life. The design of the development itself encouraged a sense of sharing – homes are built without separate gardens for the most part, and the recreational space is instead a commonly owned and accessible plot of the overall land. There is a Community Supported Agriculture (CSA) farm on the site, to which members contribute monthly sharing the produce and the risk. Freshly harvested vegetables are collected by members three times a week with an understanding that you take what you need, while being mindful of the needs of others. An arts collective has animated an empty property, offering accommodation, catering facilities and craft equipment for people to create, host and organise pop-up food and arts events. Residents regularly come together for pot-luck meals in people’s homes, and the village-wide email list acts as a means to communicate and share open invitations to parties, celebrations and events organised by individuals. It is this atmosphere and approach to collectively meeting the needs of individuals in the community that has made it such a great place to live, demonstrated by the fact that the community was listed as a runner-up in the Irish Times Best Places to Live as well as winning the LivCom International Award for most liveable communities.

The erosion of the fabric of community is not of course isolated to Ireland. Worldwide, particularly in urban environments, residents struggle to create a sense of connection and common belonging in the places they live. Great examples are emerging however, of how the sharing economy can enhance this sense of connection and place. Berlin, Germany demonstrates how the sharing economy can become part of the fabric of a city and its many suburbs. In the Prinzessinnengärten in the Kreuzberg area, a derelict site has been transformed into a space where members can harvest their own fresh vegetables, educational events take place, and there is a social space with a café and bar (selling non-profit beer of course!). Not too far down the road, the wonderful Weltkuche provides jobs and training for migrant women, and raises funds by selling delicious ethnic food to the public. On Fehrbelliner Strasse in the North East of the city, the first borrwing shop has kicked off a trend across the country, creating opportunities for people to borrow from a library of household items, rather than purchase the items individually.

The efficiency, enjoyment and ease with which communities and individuals are moving into this new way of transacting speaks volumes

In Australia, cities such as Sydney, Melbourne and Brisbane are at the forefront of new ripples in the sharing economy. The oft-referenced AirBnB and Uber examples aside, people are matching unused bikes, empty driveways, empty sheds, excess clothing and cars with those who need them. The Secondbite project, established by a Melbourne couple has had great success in sourcing waste food, to provide nutritious catered food to community groups at reduced costs. The Welcome Dinner Project, is an excellent example of trust being built in the face of fears around new arrivals from the Middle East, organising shared meals in people’s homes for new arrivals and established Australians, transforming attitudes and forging friendships in the process.

It seems the core of these initiatives is the connection between people involved. For the most part, the efficiency, enjoyment and ease with which communities and individuals are moving into this new way of transacting speaks volumes, and sees increasingly more initiatives and projects emerging that connect resources and needs in ways that transcend traditional monetary exchanges. Advocates claim it is recreating the personal human interactions and connections that our modern economic model has eroded.