‘A step in the right DI­REC­TION’

Ka­gatelo Pele Burial So­ci­ety says they teach each other about life and saving

Move! - - STOKVEL - By Vin­cent Phahlane

WHY DID YOU FORM THE STOKVEL?

We started the stokvel in our neigh­bour­hood with the pur­pose of teach­ing one an­other about the im­por­tance of life and saving for the fu­ture. As hu­man be­ings, we come across prob­lems in our fam­i­lies, so the stokvel serves as a coun­selling ses­sion in or­der to as­sist each other.

HOW DOES THE GROUP OP­ER­ATE?

We meet monthly to dis­cuss our chal­lenges and how to over­come sit­u­a­tions that con­front us on a daily ba­sis. We also con­trib­ute to­wards re­fresh­ments and drinks. We have ex­panded and also run a burial so­ci­ety. When we lose a mem­ber, the stokvel con­trib­utes R6000 and when it's a fam­ily mem­ber, we con­trib­ute R4000.

WHAT CHAL­LENGES HAVE YOU COME ACROSS?

One mem­ber has left the group and that has left a huge fi­nan­cial void. We man­aged to cover the per­son’s monthly fee by in­creas­ing in­di­vid­ual con­tri­bu­tions.

WHAT ARE YOUR FU­TURE PLANS?

We want per­sonal growth when it comes to in­vest­ing, this will ben­e­fit those who have per­haps lost their jobs. We also want to reach our goals and dreams by hav­ing our own in­vest­ment plan.

Name: Kgatelo Pele Burial Stokvel Con­tri­bu­tion: R150 Lo­ca­tion: Kag­iso Mem­bers: 19 Formed: 2000 Meet­ings: First week of the month

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