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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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