This works well if the club want to purchase the smaller cheaper items for each continent given the International membership. I have stencils, there are some in North America and i think there some in uk or Europe. Postage then becomes a problem, who pays and when and as we found with the stencils they get caught up with one person and then disappear. Who tracks the club items and follows up on moving them on to the next user.
If we were a single continent or state club i think it is a great idea, my local State MB club has gear that can be borrowed and there is a member who manages it all.