How Stokvel Society Works | Steps, Eligibility, Payments & Payouts

From your first contribution to your benefit—every step, explained

Simple steps, clear rules, and live wallet tracking. Transparent by design.

Your Journey to Benefit

1

Register & Choose

Create account with KYC and select from Standard, Pro, or Premium packages.

2

Monthly Contributions

Track contributions in real-time via your digital wallet.

3

Join Payout Queue

Queue position depends on package and contribution history.

4

Receive Benefit

Choose vehicle delivery or cash payout when you reach the front.

Eligibility & Rules

Queue Priority

Priority based on package tier, contribution consistency, and total time in the system.

50% Threshold

Eligible once at least 50% of policy value contributed and KYC verified.

Early Payout

Processed based on queue position, fund availability, and approval.

Continuous Participation

Regular contributions maintain queue position. Missing payments affects priority.

Choose Your Package

Standard

R500 Joining Fee
  • Full participation rights
  • Payout eligibility
  • Digital wallet access
  • Standard queue priority
  • R100 monthly admin fee
Choose Standard

Pro

R1,000 Joining Fee
  • All Standard features
  • Medium queue priority
  • Access to workshops
  • Faster processing
  • R100 monthly admin fee
Choose Pro

Premium

R2,000 Joining Fee
  • All Pro features
  • Highest queue priority
  • Insurance support
  • Premium support
  • Strategic invitations
  • R100 monthly admin fee
Choose Premium

Procedural FAQs

Priority is based on: 1) Package tier, 2) Contribution consistency, 3) Total time in the system.

Two missed contributions may affect your position in the payout queue. Automatic payments help maintain priority.

Early payout requests are processed based on queue position, fund availability, and approval.