Create a lending library for tools and household equipment so neighbours borrow instead of buy.
Survey the neighbourhood on desired items and willingness to pay a small membership fee.
Secure a small storage space with public access hours — a shop corner, cellar or container.
Set up a simple association, liability terms for borrowers and insurance for the inventory.
Run a donation drive for quality tools; test, tag and catalogue each item.
Deploy lightweight lending software (several open-source options exist) with member accounts and due dates.
Build a rota of volunteers to staff opening hours and check items in/out.
Hold a launch event with demos, sign-ups and a tool amnesty for more donations.
Set up repair days for damaged items and periodic inventory checks.