5 Common Kinds Of Kin Group

 

  1. Traditional Rotating Fund - communities all around the world use rotating funds. Every week or month everyone in the group contributes to the common pot and every week or month one person takes the whole pot. This continues until everyone has received and put in the same amount. The allocation of the pot can be decided by lottery or negotiation. Rotating funds enable groups to save for amounts that can be difficult to reach individually.
  2. Food Cooperative - members pay a weekly amount to buy food in bulk together. A great way to save on supermarket prices and bring your community together. See our partner Cooperation Town for more information.
  3. Community Purchase - you may be working with your neighbours, friends or family to purchase something together or to support a common cause. Kin groups can be a way for you to manage contributions and keep track of your goal. Think of putting a new roof on the community centre or putting solar panels on the local car park and splitting the benefit!
  4. Solidarity Fund - why not set up a fund for your community just in case someone needs it. If they do, they may contribute back and keep contributing to keep the fund growing. One day it could enable you as a community to purchase something together.
  5. Your Idea - the focus is your community. There are thousands of reasons to engage in financial mutual aid. You can also use a kin group for more than one thing at the same time. Kin allows you to track how much everyone in your group has contributed and received so you can pause one use to help someone who is having a hard time and then get right back to the first use.