FORMATION
For the past decade the Masibambane Stokvel Club has lived up to its name, which means “let’s support one another”. They offer each another financial support in reaching the goals they set out for themselves each year. Their journey began with a few closeknit friends who wanted to support one another financially. It has since grown to 56 members.
The stokvel is divided into two: in one group, members are required to make a monthly contribution of R500. The money goes towards a grocery fund which is cashed out at the end of the year. Each member receives R5 550 for their December grocery shopping. In the other group, members contribute between R1 000 and R5 000 per month. It is made up of 26 of the 56 members.
