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Learn more

Local Exchange Trading Systems are a way for people to exchange their time and skills with each other using a local currency (KWINLETS uses "Shells"). It encourages mutual help in the community and the possibility of creating a, "alternative economy" based on need.

How do LETS work?
• Members identify skills they wish to offer and their current requirements for goods and services, which are listed and circulated in a directory or via a secure web site.
• Members contact each other directly, arrange a ‘trade’ amongst themselves and agree a price in Shells which are transferred online (cheques and vouchers may also be used if there are facilities to manage then).
• Direct exchanges do not have to be made, as Shells are used to record points, and members can generate their own credit in order to give Shells in exchange for goods or services received from other members
• Members may view or receive statements and newsletters, and social events take place, often hosted by individual members, where people can get to know each other and discover new opportunities for trading.
• The system is managed by a core group who share the workload.

KWINLETS is • non-sterling, interest-free and debt free
• a local skill-sharing pool • an enriching, supportive network
• a cash-saving resource bank for charities and organisations.

Please read these pages before you join:

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