Quick Hot Tips

• Stokvel Tip: Choose a day of the week that is most convenient for stokvel members to pay their contributions, typically on payday or the Monday thereafter.

• Stokvel Tip: Stokvels can be a big hand up if banks won’t offer you any loans, but make sure they are well-managed and pay out on time.

• Stokvel Tip: The size of the stokvel ‘pot’ will determine how often the payout must rotate. The larger the sum, the longer the rotation to each member.