stokvels

How South African stokvels manage their lending activities outside the courts: Stokvel members prefer to manage their affairs through non-state means. Getty ImagesThe South African stokvel sector is massive and controls vast financial resources. It holds an estimated R49.5 billion in member savings and has some 11.6 million participants. A stokvel is a type of informal credit … [Read more...] about How South African stokvels manage their lending activities outside the courts | The Conversation