Own prop­erty with LESS DEBT Vuk­ile Manzi says Vuka Darkie makes own­ing a house af­ford­able

Stokvel groups and in­di­vid­u­als can now buy prop­erty at an af­ford­able price

Move! - - STOKVEL NEWS - By Vin­cent Phahlane

THE cost of liv­ing is in­creas­ing ev­ery­day and as a re­sult, peo­ple are forced to get into debt. Fail­ure to pay those debts can lead to as­sets be­ing re­pos­sessed, men­tal stress and bro­ken re­la­tion­ships. Vuk­ile Manzi, the chief fi­nan­cial of­fi­cer of Vuka Darkie Cap­i­tal Group, a com­pany that of­fers fi­nan­cial sup­port to peo­ple who want to buy prop­erty, says there are ways to make this big pur­chase with­out break­ing the bank. You can also lessen the pres­sure by buy­ing prop­erty as a stokvel group be­fore mov­ing on to buy­ing your own home.

MAK­ING HOUS­ING AF­FORD­ABLE

Vuk­ile ex­plains that get­ting fi­nance for a house is costly, but his com­pany helps clients with fi­nan­cial plans that en­able them to make their dreams a re­al­ity.

“Many peo­ple are strug­gling to get their fi­nances to­gether. In­stead, they drown in debt and end up not get­ting their dream homes,” Vuk­ile says.

“We lo­cate land then send in our de­sign­ers, builders and the rest of the team to the lo­ca­tion. To­gether they will pro­duce the fi­nal prod­uct. We have dif­fer­ent pack­ages to suit our clients' needs. We help con­sumers to build af­ford­able houses and not pay amounts that will drown them in debt.” Vuka Darkie un­der­stands that when buy­ing a house through a bank, it takes years to pay it off. “We build a house for you and you set­tle the house in in­stal­ments. We have dif­fer­ent pack­ages to choose from. You can choose the one you find af­ford­able and pay no in­ter­est,” he says. Vuka Darkie has man­aged to help 14 clients since its in­cep­tion, early last year.

FIND­ING SO­LU­TIONS

Vuk­ile says the com­pany has seen growth and they are work­ing on many projects. They also have ca­pac­ity to take on large projects such as tak­ing on clients that ap­proach them as a group.

“We are a com­pany of so­lu­tions. If one of our clients gets re­trenched and is un­able to hon­our the in­stal­ments, we come up with so­lu­tions,” he says.

Vuka Darkie finds ways to help clients to pay their in­stal­ments rather than tak­ing them to the lawyers. “If there are job op­por­tu­ni­ties in the com­pany, we are able to give the per­son a job so that they can fin­ish pay­ing off their debt,” he says.

Vuk­ile also men­tions that their com­pany also builds guest houses, stu­dent apart­ments, pri­vate of­fices and churches, some­thing which is en­tic­ing for stokvel groups.

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