A stokvel is a traditional South African savings or investment society where members contribute money regularly, and the pooled funds are either distributed among members on a rotating basis or used for specific purposes, such as investments, community projects, or group purchases. Stokvels are a form of informal financial cooperation and are deeply rooted in South African culture,...

SPONSORED | Financial sector interventions can transform traditional savings societies into wealth creation and community empowerment engines

Ever wondered how to amplify your financial potential while strengthening community bonds? Stokvels are not just savings groups; they are dynamic networks offering both financial and social benefits. Joining a stokvel means you're not just saving; you're investing in a community that grows together. It's about being part of something larger than yourself, where collective goals and shared successes define progress.

Stokvel for funding a business guarantee funds and it gives you time to refine your business idea and model while you wait for your money.

Stokvels and similar savings groups, such as rotating savings and credit associations (ROSCAs), are prevalent in many parts of the world. These groups rely on various methods of contribution to pool funds, which are then used for savings, investments, or disbursement to members. Below is an expanded discussion on the methods of contribution used in stokvels and similar groups, including...

Programme:?? Ariel Stokvel Academy ?? Organisation:?? Ariel in partnership with Stokvel Academy and Business Skills South Africa (BSSA) ?? Type of Support Skills Development Training Exposure...