So, about 15 years ago when I first started working with Stokvels, I thought I was ready to “educate my people”. I was fresh out of corporate, naive, armed with pride, confidence and a cape🦸🏿no one gave me😅.
One day I walked into a Soweto living room filled with mature women — medical doctors, entrepreneurs, and lawyers who were pooling money to buy holiday homes 🏨. I walked out humbled🤦🏿. Instead of teaching, I found myself taking notes📝 while they shared insights, asked sharp questions I couldn’t answer, and gently trusted me to go and find the right solutions.
That experience taught me an important truth: you can’t box Stokvels 🎯. They are dynamic, they cut across demographics, and they carry far more sophistication than we often give them credit for. Even leaders like Tatu Gwede Mantashe and other parliamentarians have openly spoken about still being active members of Stokvels.
The question that excites me today is this: Can Stokvels evolve into a Collective People’s Equity Fund, co-investing in township and rural malls, industrialization, and small businesses 🚀? Or will they remain powerful but fragmented circles, each operating in silos?
I believe the potential is extraordinary. What do you think? 💭
Check out what our NPO does to drive innovative financial literacy in communities on www.moneygoals.co.za
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