for subscribers

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

Share your Subscriber Article
You have 5 articles to share every month. Send this story to a friend!

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.

There’s more to this story
Subscribe to News24 and get access to our exclusive journalism and features today.
Subscribe
Already a subscriber? Sign in