about Finlee Stokvel
Use points or cash in a stokvel
Download AppPerhaps you wanted to get started on your won journey and with what we offer you can get started for free and accumulate bit at your own pace.
This a rotational type of grocery stokvel whereby 25 people who manage to reach a certain number of points get a grocery voucher of the grocery store they prefer.
Create a group whereby you and your friends can contribute towards a purpose from travel, cash or even a new car.
Start enjoying your birthday with a little cash that you can use to treat yourself.
Learn MoreCelebrate the year with friends and family by getting your favorite drinks and enjoying every moment.
You can join for free or pay a once-off fee. Joining for free offers the opportunity to participate into something before committing into paying.
You can generate points from 0.01-1 point, and you will still have the option to increase your points with cash.
You could earn some interest or contribute towards a stokvel that your interested in. Some groups my require a high contribution than others.
You would be able to create or join a variety of groups based on the type of purpose each group is focusing on. There's pre-created stokvel services such as the "Personal Stokvel" and note that you have the option to apply for free or pay small fee when creating a group.
You would be able to create a stokvel group for grocery, travel and entertainment.
Sponsored Rotational Stokvel allows for a group of individuals to receive what has been contributed equally at the same time. Note that instead of the rotation to be in sequence, it is based on two groups (i.e Group A and Group B) whereby the first group gets to receive the contribution first then the second group after.
The other benefit here is that instead of contributing based on the number of people participating, you just contribute once every month and in turn Finlee will sponsor 10% or more on the amount being contributed
Provided a group 6 members are participating and the contribution is R 10 per month. The first 3 (Group A) will get R 30 each for the month of January and the second month will be Group B. Therefore people participating will have to wait 1 month rather than several months to receive the amount.
So with a sponsored stokvel, it allows you to contribute what you can afford and you can contribute anytime with 25 days of a month.
Disclaimer: We provide this calculator for convenience to you ot provide results based on your input and assumptions, and it should not be used for any other purpose. We give no warranty, express or implied, as to hte accuracy, reliability and completeness of any information, formulae or calculations provided through its use
Note: If the minimum members are 10, it is free to create a rotational group, however, the basic fee for more than 10 member is R 15.30 for Sponsored Rotational.
The stated fees are only paid once off upon applying to access certain benefits. Note that the interest is compounded on a successful cycle when contributing.
Note: This service is still in the early stages and as such certain changes may occur on a occasional basis. Such changes could be related to new features, how certain aspects of the stokvel works.