This stokvel is run on Whatsapp and the contributions of R1500 have changed lives

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Woman pressing a phone
Woman pressing a phone
Tony Anderson

ESTABLISHMENT: Stok’felas is a conventional and modern-day WhatsApp stokvel. This women’s club started when one lady put up a status on WhatsApp to say she is looking for a few ladies to start a stokvel with. A few ladies all in their late 20s, who are her contacts, responded and a club was formed. The rules and regulations were discussed among the ladies. All members know the founding member, but not one another. Members do not meet, so don’t have a uniform. Everything they need to discuss is done on WhatsApp.

Read more| 4 ways you can avoid conflict within your stokvel group

The reason for the formation of the club was because members wanted the convenience of having R7 500 to fulfil a certain need. This saves the financially liberated young ladies from having to tap into their 30-day notice accounts every so often. The club is also built on trust and the members all have the same goal.

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