Strengthen Your Stokvel’s Financial Power: The Benefits Of Digital Record-Keeping

For stokvels, that first step is keeping track of every rand with precision, clarity, and transparency. As many stokvels continue to grow in size and purpose, outdated record-keeping methods—scattered notebooks, handwritten ledgers, and word-of-mouth updates—are no longer enough. In 2025, StokFella urges stokvels to “Just Start” by simplifying their financial management with digital record-keeping.

The hidden costs of traditional stokvel management

Managing a stokvel manually comes with unnecessary risks and inefficiencies. Many stokvel executives still rely on personal bank accounts to collect funds, leading to confusion, restricted access to financial information, and increased risk of mismanagement. Members often struggle with limited visibility, relying on time-consuming meetings just to stay informed about balances, payments, and claims. Meanwhile, stokvel executives—who often have full-time jobs—face the overwhelming burden of manually tracking every transaction.

By shifting to a digital platform, stokvels can eliminate these common pain points, ensuring that every member has real-time access to financial records, automated tracking of contributions and claims, and a clear audit trail.

The power of digital record-keeping with StokFella

StokFella simplifies stokvel management by offering a secure, transparent, and user-friendly platform where members can:

• Access real-time financial records anytime, anywhere.
• Track contributions, claims, and payouts automatically.
• Eliminate the need for a separate bank account—funds are securely managed within the platform.
• Reduce fraud risks with built-in verification before cash leaves the stokvel.
• Save time and effort with automated reporting and admin features.

“For stokvels aiming to grow and build wealth, financial clarity is key,” says Tshepo Moloi, CEO of StokFella. “Our platform provides the transparency and security stokvels need to operate efficiently. By just starting with digital record-keeping, stokvels lay a strong foundation for long-term financial success.”

Real stokvels, real success

Many stokvel executives who have moved their groups onto StokFella have seen immediate improvements in efficiency and trust among members.

“StokFella ensures seamless administration, financial management, and transparency for our members. With 100 members, we needed a reliable solution, and StokFella was an enabler.”

“The platform makes it easier to manage large stokvels while ensuring financial transparency. Members can see where their money is at all times, keeping them engaged and motivated.”

Start today with two months free

The best time to improve your stokvel’s financial management is now. StokFella is offering new stokvels two months free on the Gold Account when they sign up and start using the platform.

To take advantage of this offer and experience the power of digital record-keeping, visit stokfella.com and sign up today.

Contact Information:
StokFella Media Relations: tamaryntheron@stokfella.com.