Friday, March 31, 2023
Correct Success
  • Credit
    • How to get out of debt
    • Credit Cards
    • How to repair credit
  • Finance
    • Financial success
    • Financial management
    • Financial health
  • Insurance
  • Loans
    • Business loans
    • Mortgage Loan
    • Home Loan
    • Personal Loan
    • Student Loan
  • Money
    • Taxes
    • Investment
  • Videos
No Result
View All Result
Correct Success
  • Credit
    • How to get out of debt
    • Credit Cards
    • How to repair credit
  • Finance
    • Financial success
    • Financial management
    • Financial health
  • Insurance
  • Loans
    • Business loans
    • Mortgage Loan
    • Home Loan
    • Personal Loan
    • Student Loan
  • Money
    • Taxes
    • Investment
  • Videos
No Result
View All Result
Correct Success
No Result
View All Result
ADVERTISEMENT

The making of La BOM: Montreuil’s new Library of Things and Sharing Hub

4 months ago
in How to repair credit
Reading Time: 10 mins read
The making of La BOM: Montreuil’s new Library of Things and Sharing Hub
ShareShareShareShare

Inspired by Shareable’s coverage of the sharing economy, Bibliothèque D’Objets De Montreuil, also known as La BOM, opened its doors as a “Library of Things” in April 2022 in the Parisian suburb of Montreuil. 

La BOM’s president and founder Sylvain Mustaki had been searching for a way to make a difference in an economic climate that disenfranchised people who struggled financially. 

Mustaki says that Libraries of Things (LoT) help reduce waste through the loaning and lending of useful but costly everyday tools, appliances, and other items, but says empowering everyday people to share is his focus.

I’m afraid we have difficult times coming, particularly for poor people. Building a community based on sharing and mutual help is the best chance for the people to get through hard times. We had to do something. — Sylvain Mustaki, president and founder of La BOM 

La BOM was conceived in 2019 and has enjoyed support from the community as well as foundations, regional government, and Montreuil Mayor Patrice Bessac. Yet the COVID pandemic delayed the library’s launch by almost three years. 

Mustaki, a former rock’n’roll producer, believes La BOM is the first of its kind and magnitude in France.  His road to founding this sort of lending library began with lots of research, starting with Shareable’s book, “Sharing Cities: Activating Urban Commons.” He sought guidance from Shareable Interim Executive Director Tom Llewellyn and LoT organizers in Quebec, Geneva, and other cities. Working with Shareable while figuring out what to do next, Mustaki hosted a sharing festival in 2019 and invited Llewellyn, along with Mayor Bessac and other government officials, to speak at the event.  

 Celebrating "the untangling of the (drill) cords" to officially open LA BOM
Mustaki, Llewellyn, Mayor Bessac, Counselor Carvalhinho, La BOM team members, and the public celebrate “the untangling of the (drill) cords” to officially open LA BOM. Credit: La BOM

According to Llewellyn, the festival inspired Mayor Bessac, who would later challenge Llewellyn and Mustaki to do something to promote a sharing economy in Montreuil. 

Llewellyn, who had co-founded a tool library in Asheville, North Carolina, before joining Shareable, proposed they open a library of things in France. LoTs are a good way to “put sharing into people’s hands. Let them touch and feel (sharing) in a way that they will understand that it is appropriate for the community,” he said.

Mustaki agreed. An LoT would be a good fit for Montreuil, a city of 110,000 people known for their sharing spirit, left-wing ideology, and 2,500 active community associations. An LoT would also support ecological goals to divert usable items from landfills and offer ways to share popular though less-used items affordably. 

LoTs are very much like traditional libraries, with one exception. Instead of lending books, LoTs loans other items and objects, such as kitchen tools and utensils, camping gear, toys, and men’s suits. Many focus on one category, such as tools or kitchen implements, while La BOM differs and offers a variety of things.

La BOM's Repair Cafe is open twice a week and is open to all of their members
La BOM’s Repair Cafe is open twice a week and is open to all of its members. Credit: Shareable

“We have 500 items,” Mustaki said. “The angle is to offer any object that can be used in everyday life, but that is not used very often. So, it can be a tent, glasses for a party, and all kinds of items for a normal life but that you don’t use on a frequent basis.”

La BOM gets its inventory from object loans, donations, and purchases. If there are popular items that have not been donated, loaned or in good condition, the group purchases what is needed. Those purchases represent less than 5% of the inventory, while loaned items are only a part of La BOM’s offering until lenders request their return.

A new member signed up during the grand opening of La BOM
A new member signed up during the grand opening of La BOM. Credit: Shareable

Mustaki would like to see La BOM’s inventory expand from 500 to 1,000 objects over the next few years. 

Rental fees range from €5.00 per week for items valued at less than €100.00 to €50.00 per week for objects that cost over €1000.00. Subscribers must visit the site to retrieve their items, though Mustaki hopes to ship items in the future. 

La BOM has 665 members. Membership is kept affordable at €10.00 a year, though no one is denied because of a lack of funds. 

La BOM staff, volunteers, and members participating workshoping how to better engage and serve the residents of Montreuil.
La BOM staff, volunteers, and members participating in a workshop to identify how to better engage and serve the residents of Montreuil. Credit: Shareable

“If they cannot afford the standard membership fee, we will accept less,” he said. 

Commenting in a Shareable article about libraries of things around the world, Gene Homicki, founder of an LoT management system called myTurn, noted that great LoTs offer more than items. 

The most successful libraries of things are the ones [that] do more than just lend items. They also create a strong sense of community. For example, offering sliding-scale subscriptions based on income or usage to help ensure a diverse community can afford to access the library. — Gene Homicki, myTurn founder

La BOM’s community is centered on its 600-square-meter building — more than enough space for a library of things and several other sharing opportunities. Both subscribers and residents living in the greater Paris area can frequent La BOM for its photography, music, sewing, and textile studios, a wood shop, a repair shop, and an alkaline (disposable) battery exchange.

The RegenBox Alkaline battery charging station at La BOM
The RegenBox alkaline battery charging station at La BOM. Credit: Shareable

The RegenBox battery charger and exchange designed by ATELiER 21, allows for a daily per-person swap of four expired batteries for recharged ones. Llewellyn says La BOM’s battery exchange can recharge up to 200 batteries daily and estimates up to 50 people could utilize this service per day. 

It’s an amazing pilot with an environmental impact that is off the charts, and these batteries are being kept out of landfills. — Tom Llewellyn on La BOM’s alkaline battery exchange

The repair shop also allows people to visit and receive free help to fix common appliances, furniture, radios, televisions, and other things. 

Llewellyn says these activities and spaces expand La BOM’s purpose, from sharing things to sharing knowledge and resources, making it more of a sharing hub than just an LoT. 

This includes hosting workshops on sharing and other topics and offering space rentals for corporate and neighborhood events, as well as movie productions. 

Mustaki addressing the crowd before a concert in La BOM’s main auditorium. Credit: Shareable

Mustaki believes La BOM’s purpose and potential far outweigh its challenges. Covering the library’s operational costs can be a balancing act between monthly expenses of €12,000, a monthly income from object loans, workshops, and leases that vacillates between €3000 and €5000, and reimbursable subsidies based on specific uses more than general operating support. 

Mustaki says La BOM is well supported by locals. However, in addition to covering monthly operational costs, La BOM’s other pressing need is to increase the number of people who know and routinely use La BOM’s LoT and other sharing spaces. 

La BOM shut down the street for a block party during the grand opening. Credit: Shareable

“Every time I have the opportunity to say what it is and what it stands for, people say, ‘wow, what a great idea.’ But you may say it’s a great idea and only use it once,” he said. 

“At the moment, about 80 to 90 percent of the people do not know we exist. We don’t have TV spots. It’s all person-to-person, though I think in time people will learn about the existence of La BOM, what it offers, and what it stands for,” Mustaki added. 

Llewellyn agrees that attracting members has been a challenge, but like Mustaki, sees great potential in the near future. 

LA BOM from the outside looking in. Credit: La BOM

“Membership will grow on the back end. Once people know about it and start going to La BOM for other reasons, like its various studios and its free repair shop and alkaline-battery swap, they will be far more likely to become members,” said Llewellyn. “It’s so much more than a library of things. It’s a sharing hub, and that’s their greatest asset.” 

Check out these related articles:

— to news.google.com

Tags: BOMcorrectcorrectsuccessDEBTHublibrarymakingMontreuilssharingsuccess
ShareTweetPin2Send

please Subscribe for further updates

Unsubscribe
Previous Post

5 things to know for Dec. 2: Trump, Rail strike, Student loans, China protests, NASA

Next Post

‘I had to keep my composure because I didn’t want to derail my success.’ This financial adviser overcame the odds against her.

Related Posts

STB Enterprise Aims to Help Business Owners and Entrepreneurs Reach New Levels of Success

STB Enterprise Aims to Help Business Owners and Entrepreneurs Reach New Levels of Success

by Tim Hartwell
0
0

PRESS RELEASEPublished March 31, 2023STB Enterprise is a Mindset & Financial Literacy Company passionate about teaching others how to achieve...

POWERFUL TRADELINES You MUST KNOW To INCREASE CREDIT SCORE!

POWERFUL TRADELINES You MUST KNOW To INCREASE CREDIT SCORE!

by Tim Hartwell
0
1

💻 Powerful Tradelines Found Here: https://bit.ly/BuildCreditBroker 💸Get Your FICO Score for $1: https://bit.ly/TRMyScoreIQ POWERFUL TRADELINES You MUST KNOW To INCREASE...

Scientists are hunting for the secrets to extreme longevity. They’re finding them in nuns … and jellyfish.

Scientists are hunting for the secrets to extreme longevity. They’re finding them in nuns … and jellyfish.

by Tim Hartwell
0
0

On March 4, María Branyas Morera turned 116. In January, the great-grandmother, who was born in San Francisco in 1907...

Remarks by Secretary of the Treasury Janet L. Yellen at the National Association for Business Economics 39th Annual Economic Policy Conference

Remarks by Secretary of the Treasury Janet L. Yellen at the National Association for Business Economics 39th Annual Economic Policy Conference

by Tim Hartwell
0
0

As Prepared for Delivery   Thank you. It’s a pleasure to be back at NABE. I want to first thank...

What It Is And Why You Should Save For One – Forbes Advisor

What It Is And Why You Should Save For One – Forbes Advisor

by Tim Hartwell
0
1

Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors' opinions or...

My $25 Pledged Loan Hack & Credit Booster/Increase Credit Score up to 60 Points! #NFCU #navyfederal

My $25 Pledged Loan Hack & Credit Booster/Increase Credit Score up to 60 Points! #NFCU #navyfederal

by Tim Hartwell
0
0

From @motionzbiz5814 , a great tip and hack at a very low cost that can boost your credit score and...

Next Post
'I had to keep my composure because I didn’t want to derail my success.' This financial adviser overcame the odds against her.

'I had to keep my composure because I didn’t want to derail my success.' This financial adviser overcame the odds against her.

Low Ball Selling Technique #sales #finance #education #money

Low Ball Selling Technique #sales #finance #education #money

Did Dems. miss chance to flip seat?

Did Dems. miss chance to flip seat?

Indiabulls Housing Finance’s NCD Tranche IV Issue Opens on Thursday, December 01, 2022 – IPO Watch

Indiabulls Housing Finance's NCD Tranche IV Issue Opens on Thursday, December 01, 2022 – IPO Watch

Meta Announces it Could Create a Site Similar to Twitter

Meta Announces it Could Create a Site Similar to Twitter

0
Have credit card debt? Here’s what you should in light of Fed rate hikes

Have credit card debt? Here’s what you should in light of Fed rate hikes

0
Would a TikTok ban push users to switch social platforms? What to know

Would a TikTok ban push users to switch social platforms? What to know

0
Trisura hires chief underwriting officer

Trisura hires chief underwriting officer

1
Government to Start Looking for Bias in Small Business Lending

Government to Start Looking for Bias in Small Business Lending

0
Meta rolls out long-sought tools to separate ads from harmful content

Meta rolls out long-sought tools to separate ads from harmful content

0

Tags

business businessloan business loans cards correct correct Insurance correct success correctsuccess correct_news credit Credit Cards credit score debit debit cards DEBT Facebook facebook new name FB Finance financial Financial health Financial manageme Financial management Financial success How to get out of debit How to repair credit Insurance Investing investment IPO loan Loans Market meta meta facebook meta platforms money news Personal Personal Finance personalloan success tax Taxes US

Categories

  • /asia
  • /business
  • /money
  • /worlds-billionaires
  • Ameya Engineers IPO
  • Annapurna Swadisht IPO
  • Asia
  • Billionaires
  • Business
  • Credit
  • Credit Cards
  • Dipna Pharmachem IPO
  • Dreamfolks Services IPO
  • Finance
  • Financial health
  • Financial management
  • Financial success
  • Forbes Asia
  • How to get out of debt
  • How to repair credit
  • Infurnia Holdings IPO
  • Insurance
  • Investment
  • IPO Allotment Status
  • IPO Listing
  • IPO Subscription Status
  • ipo updates
  • Ishan International IPO
  • JFL Life Sciences IPO
  • Kore Mobile IPO
  • Loans
    • Business loans
    • Home Loan
    • Mortgage Loan
    • Personal Loan
    • Student Loan
  • Mega Flex Plastics IPO
  • Money
  • Sabar Flex India IPO
  • Shantidoot Infra Services IPO
  • SME IPO
  • Tamilnad Mercantile Bank IPO
  • Taxes
  • Videos
  • Viviana Power Tech IPO
Meta Announces it Could Create a Site Similar to Twitter

Meta Announces it Could Create a Site Similar to Twitter

0
Have credit card debt? Here’s what you should in light of Fed rate hikes

Have credit card debt? Here’s what you should in light of Fed rate hikes

0
Would a TikTok ban push users to switch social platforms? What to know

Would a TikTok ban push users to switch social platforms? What to know

0
Trisura hires chief underwriting officer

Trisura hires chief underwriting officer

1
Government to Start Looking for Bias in Small Business Lending

Government to Start Looking for Bias in Small Business Lending

0
Meta rolls out long-sought tools to separate ads from harmful content

Meta rolls out long-sought tools to separate ads from harmful content

0
Correct-Success-Logo

Correct Success | Finance, Debt, Loan, Credit etc

Categories

  • /asia
  • /business
  • /money
  • /worlds-billionaires
  • Ameya Engineers IPO
  • Annapurna Swadisht IPO
  • Asia
  • Billionaires
  • Business
  • Business loans
  • Credit
  • Credit Cards
  • Dipna Pharmachem IPO
  • Dreamfolks Services IPO
  • Finance
  • Financial health
  • Financial management
  • Financial success
  • Forbes Asia
  • Home Loan
  • How to get out of debt
  • How to repair credit
  • Infurnia Holdings IPO
  • Insurance
  • Investment
  • IPO Allotment Status
  • IPO Listing
  • IPO Subscription Status
  • ipo updates
  • Ishan International IPO
  • JFL Life Sciences IPO
  • Kore Mobile IPO
  • Loans
  • Mega Flex Plastics IPO
  • Money
  • Mortgage Loan
  • Personal Loan
  • Sabar Flex India IPO
  • Shantidoot Infra Services IPO
  • SME IPO
  • Student Loan
  • Tamilnad Mercantile Bank IPO
  • Taxes
  • Videos
  • Viviana Power Tech IPO

Recent Post

  • Meta Announces it Could Create a Site Similar to Twitter
  • Have credit card debt? Here’s what you should in light of Fed rate hikes
  • Would a TikTok ban push users to switch social platforms? What to know

Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
  • Home
  • About Us
  • Contact Us
  • Privacy & Policy

© 2020 Correct Success. Design By Techdesire

No Result
View All Result
  • Credit
    • How to get out of debt
    • Credit Cards
    • How to repair credit
  • Finance
    • Financial success
    • Financial management
    • Financial health
  • Insurance
  • Loans
    • Business loans
    • Mortgage Loan
    • Home Loan
    • Personal Loan
    • Student Loan
  • Money
    • Taxes
    • Investment
  • Videos

© 2020 Correct Success. Design By Techdesire

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Go to mobile version