Imbewu Stokvest
Current estimates show that there are over 820,000 stokvels in the country, with a combined membership of 11.4-million people, handling over R4-billion per annum.
South Africa’s latest stokvel
offering, Imbewu Stokvest app, is a way of modernising the home-grown,
traditional institution of stokvels to meet the demands of consumers in
the digital era. The Imbewu Stokvest app offers consumers an opportunity
to interact with the status and progress of their savings.
Powered
by Kunene Makopo Risk Solutions (KMRS), Imbewu Stokvest is a product
that assists clients to reach their goals by making monthly
contributions towards their savings. Clients from 18 years up get to
manage their administration, monthly payments and claims on the app.
After
24 months, each member receives a payout calculated according to a
specific plan. While this is the same principle of any stokvel, the
advantage with Imbewu StokVest
is that clients have full control of their earnings through the year,
as there is no middleman. The offering also comes with a funeral cover
that allows clients to open it up to extended family.
There are three options towards the contribution:
Plan A: R185 with yearly payout of R1,080
Plan B: R550 with yearly payout of R4,560
Plan C: R1,250 with yearly payout of R11,430
How Imbewu StokVest works:
- Download the app (available at https://app.imbewustokvest.com).
- Clients sign-up on the app.
- Members then add their details.
- The membership will be active.
- Members get to choose plan option.
Member Benefits:
- Clients get to nominate their annual date to receive payment.
- Stokvest payments are made directly to the member’s account.
- Imbewu Stokvest funeral cover that allows you to open it up to extended family
Added Value Product:
- Members receive an interest (return of investment) as a bonus after 24 months of policy payments within 24 months.
Platform: Android and iOS
Stockists: Visit Imbewu Stokves here.
Expect to pay: A free service
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