Stephen Kinsella: Do me a favour -- invest in a bank that really helps
June's floods took the village of Clonakilty by surprise. Two inches of rain fell in just a few hours, pushing a flood of water through the main streets of the town. The cost of repair is estimated at more than €10m. A relief fund has been set up to help the residents cope.
Homes and businesses in the town were washed out, with property damaged and inventory destroyed. In the days that followed the floods, as the water receded, everyone needed help to restore the town. Help came from an unlikely source.
In this column on April 3, I wrote about the Clonakilty Favour Exchange. The favour exchange works as a sort of directory, helping to connect people who will do things for one another, and have those activities credited through a time bank. Essentially you just register your name, describe your skills, and then people who want those skills contact you.