Fill in your details and tap Calculate to see your stokvel plan 🤝
🤝 What is a Stokvel?
A stokvel is a type of informal savings club or credit union common in South Africa. Members contribute a fixed amount regularly, and the total pot is given to one member at a time (rotating) or split equally at the end of the year. It's been a financial lifeline in SA communities for generations.
💡 Stokvel Tips
• Choose members you trust deeply — mix of family and close friends works best.
• Sign a written agreement. Even with friends, put it on paper.
• Consider a burial society as a separate "safety net" stokvel for emergencies.
• Some stokvels earn interest by keeping funds in a savings account — every little bit helps.
🏦 Savings Club vs Rotating Credit
In a rotating credit stokvel, one member gets the full pot each round. In a savings club, all members save together and split equally at the end of the year — often used for December holidays. Both are powerful.
🌹 Burial Societies
A burial society is a specific type of stokvel focused on covering funeral costs. Members contribute monthly and receive a lump sum when a covered family member dies. It's separate from life insurance and often more accessible for lower-income households.