Quick Hot Tips

• Stokvel Tip: The majority of stokvels are concentrated in Gauteng, followed by Limpopo then Kwa-Zulu Natal. Finding one in these areas is not difficult.

• 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.