Financial Stokvel Master
Photo Credit: Maitree Rimthong from Pexels

We sat brainstorming ways for people to give back to charity this year that won’t break the bank but have a maximum impact and the Stokvel idea felt like the perfect option.

 

South Africa (04 March 2021) – Many South Africans have made use of a stokvel at one point in their lives. Stokvel is a brilliant concept when managed properly and can mean a healthy lumpsum of funds when your turn comes. Using this concept, we came up with an idea to give back to charities in need.

Managed exactly like a usual stokvel the only difference is the person who gets their name drawn gets to donate the funds to a charity of their choice.

We often look at the R100 we can spare for a charity and think, “well this isn’t much”. At the end of the day, R100 really goes a long way for a charity in need but if you have eleven other people to join, your R100 suddenly becomes R1200.

So how do you start a charity stokvel? Easy!

  1. Bring together a group of generous, like-minded individuals who can spare a few bucks for a good cause.
  2. Agree on a reasonable amount that each person will pay into the stokvel.
  3. Set up a payment schedule or a list that can be selected from at random each month.
  4. Set a due date for the payments to be in a central account and a date for the payment to the selected charity.
  5. Get each person to select a charity or cause close to their heart.
  6. Donate the funds to the charity for each month.

This method is a really great way to give back. You can use the funds to pay towards bills in the charities name, you can fund a fun day for the people at the charity, you can purchase much-needed items for the charity or you can give them the money out-right for them to decide what to spend it on. The options are endless!

In times like these when charities have received less and been needed more, every little bit counts. Will you be taking up the challenge of a charity stokvel? Let us know your thoughts in the comment section.


Sources: Good Things Guy
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Tyler Leigh Vivier
About the Author

Tyler Leigh Vivier is a writer for Good Things Guy.

Her passion is to spread good news across South Africa with a big focus on environmental issues, animal welfare and social upliftment. Outside of Good Things Guy, she is an avid reader and lover of tea.

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