It is a new form of stokvel where it enables individuals to receive contribution equally at the same time without having to wait for their turn. Also you do not contribute based on the number of members participating but contribute based on the number months in a year
A group of 10 members contribute towards a stokvel and the first 5 people (Group A) will receive money on January and the next 5 (Group B) on February. The money will be equal for each member which is determined how much you contribute as member
It will take 3-5 business days
The contribution amount can be changed after 50 days, just make sure you notify your members before hand and there is an agreement
Cash, Birthdays, Booze and also travel
It will cost you a once off fee of R 38+