Stokvel Investments - Understand what goes into starting, growing, and managing a successful stokvel. It's easy to get numbers however a strong number of people with substance is a different story. When you start -- have room for disappointment -- building life and creating a legacy is an opportunity to make your mark on the world.
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A stokvel is a type of informal credit union in which members agree to contribute a fixed amount of money to a common pool weekly, fortnightly, or monthly.
Benefits of joining a Stokvel
Pooled money can earn better returns, at a lower cost. Banks offer higher interest rates on bigger amounts and banking costs are lowered (or in some cases, free) if the amount is large enough. Some of the added benefits are a sense of community and socialising.
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