HOW IT WORKS
Search
Use our website to search stokvels near you. It's easy to search and find top-rated and verified stokvels.
Compare
After searching for stokvel, learn more by comparing quotes, reviews, and full profiles of each stokvel.
Contact or Book
Once you find a stokvel that you like, contact or book them to get more information.
Who we are
Pigup is a specialised Stokvel or Group Savings Directory where users can search for Stokvel Groups near them and start saving with them. You can simply book or contact them direct, all in one place. The directory is supported by Stokvels throughout South Africa
Savings stokvel
Saving stokvels are commonly used to purchase groceries in bulk or to help fund household expenses.
Property stokvel
Property investors get together and pool in their finances to invest in a particular property or purchase land for commercial, industrial or residential development.
Investment stokvel
Members of an investment stokvel contribute to the stokvel on a monthly basis and allow their capital to accumulate in business ventures.
Funeral cover stokvel
Burial stokvels are known to provide material and non-material support to families in the event of a death
What is stokvel
A stokvel is a savings pool where a group of individuals contribute an agreed-upon monthly amount. The group have full control of how they would like to use that money. Two common methods are to pay out monthly or annually. The group can make monthly pay-outs, or they could keep investing their savings and get a sump sum at the end of the year.
The funds in the stokvel offer each member in the group an equal and fair benefit. So if your group decides to include R1 000 each month per member, and the group has 5 people. That R5 000 is up for grabs equally to everyone.
Constitution
This is an important document that must be drawn up when you start a stokvel. The constitution should include guidelines on:
- How often and in what manner money is to be collected each month
- When and where, and how often, you will meet
- How the money will be invested
- Under what circumstances withrawels may be made
- What happens if a member fails to make contributions or decides to leave the stokvel
- What happens if a member dies
- The process if a new member decides to join the club after inception
The constitution is particularly important as it provides a reference point and can pre-empt disagreements within the group before they occur.
Stokvel Profile Management
- Drafting of stokvel constitution
- Bank account recommendation
- One day meeting with the members
- Safe and fair dividends management
Pigup investment solution
We use real-time data feeds to compare the leading stokvelers. We do the hard work for you, meaning you can invest your money online with confidence.
You join a stokvel, we plant trees and feed families
Trees help purify the air we breathe, they filter the water we drink and provide a habitat for over 80% of the terrestrial biodiversity of our earth.
BENEFITS OF A STOKVEL ACCOUNT
Get great discount on groceries or school supplies when you shop at our selected partner stores
Grow your savings through a competitive interest rate. All members can view Stokvel account
All members can get funeral cover at discounted premiums through the Stokvel Group Funeral Plan
LET’S BUILD WEALTH R100 A TIME, THROUGHT STOKVEL COMMUNITY SAVINGS
IT’S BETTER WHEN WE DO IT TOGETHER
Why choose us?
Stokvels loves us for the following reasons. We believe that yours will to.
Just as some people exercise more when they have an exercise buddy, others find it easier to save when they do it in a group.
SERVICE PLAN
The first step to starting a stokvel is to get the right members. Choosing people you trust is imperative when handling money and the below will need to be decided by your members:
Sokvel Basic
- Dividends management
Stokvel Extended
Stokvel Professional
- Dividends plus
REQUEST A CALL BACK TO FIND OUT MORE ABOUT OUR TAILOR MADE SOLUTIONS
GET YOUR MONEY TO WORKING FOR YOU. TOGETHER WE SAVE, SO THAT WE MAY WIN AS A GOUP
Learn more about the different stokvel bank accounts in South Africa:
