Finding ways to easily manage your stokvel's finances can be stressful and time-consuming. Not to talk about the admin work that has to be put in.
Many people still believe in going into an institution for banking services. On the other hand, the elderly still believe that they could lose their savings while using technology to make transactions.
In comes StokFella, which makes it easy to do safe transactions and manage your stokvel whenever and wherever you are.
StokFella's co-founder and head of sales Pearson Maake tells us more about the platform which has over 30,000 members.
What is StokFella?
When was it established and what was the purpose?
What are the joining requirements?
How do stokvels join StokFella and how many members should each club have?
What are the fees involved?
What kind of accounts can stokvels open and what is the difference?
How do stokvels make payments and when are they processed?
- Stokvels can make payments via EFT, retail stores and bank card;
- EFT payments are free and may take one to three working days to reflect on our app; and
- Retail stores and card payments reflect immediately, however this comes at an extra charge.
How do stokvels make claims and when are they processed?
Is StokFella accessible online?
Is Wealth Building Made Easy your payoff line? Why and how?
How important is it for stokvels to create wealth?
Where do you see StokFella in five years?
What security measures are in place to keep scammers away?
mashabas@sowetan.co.za
