Love brought THEM TO­GETHER

Mem­bers of Tshego Hope Women’s Club have come a long way with their stokvel

Move! - - STOKVEL - By Vin­cent Phahlane

WHY DID YOU FORM THE CLUB? We formed the stokvel to em­power one an­other and im­prove our fi­nan­cial stand­ing. We en­cour­age each other to spend money wisely be­cause it’s im­por­tant to save as much money as pos­si­ble.

HOW DOES THE GROUP OP­ER­ATE?

We have a fu­neral cover that cov­ers each mem­ber, their spouses and fam­ily mem­bers. We also cel­e­brate each mem­ber’s birth­day by buy­ing them a gift and giv­ing it to them when we meet.

We also do­nate some money to a non-profit or­gan­i­sa­tion once a year as our way of giv­ing back to the com­mu­nity. We also at­tend fi­nan­cial man­age­ment work­shops to ed­u­cate our­selves about sav­ing.

WHAT ARE THE STOKVEL’S ACHIEVE­MENTS?

We have man­aged to build and strengthen our re­la­tion­ship as a group and now we are a fam­ily. We con­tinue to be great at what we do and still have big­ger plans that we want to achieve.

WHAT ARE YOUR FU­TURE PLANS?

We want to con­tinue pros­per­ing and most im­por­tantly stay united. We are look­ing at in­vest­ing in a fran­chise in the fu­ture.

We be­lieve that hav­ing a busi­ness will en­able us to cre­ate wealth for our­selves and our fam­i­lies.

We also want to be a good ex­am­ple to other stokvel groups by con­tin­u­ing with help­ing our com­mu­ni­ties.

NAME: Tshego Hope Women’s Club FORMED: 2013 LO­CA­TION: Dawn Park, Boks­burg MEET­ING: Ev­ery sec­ond Sun­day of the month MEM­BERS: 20 CON­TRI­BU­TION: R250

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