STOKVELS AREN’T JUST FOR YOUR GOGO — A YOUTH PERSPECTIVE
The other day, while interviewing a prospective team member (kudos to them for asking a really sharp question), they asked:
“Does Sum1 create Stokvels?”
Short answer? Yes, we do!
Long answer?
Let’s unpack this beautiful tale of culture, community, and coins.
Born Into a Stokvel, Before I Could Spell It
If you’re a young Black South African, chances are your first encounter with a Stokvel was long before you even knew what it meant. Mine was no exception, I thought we were just attending a family gathering every month with record books to track attendance. Turns out it was a fully fledged stokvel – disguised with 7 colours and cold drinks.
Young People & Stokvels: It’s Complicated
Gone are the days when “community” meant knocking on your neighbour’s door for sugar. Now, you need to schedule brunch three weeks in advance just to see your friend who lives 20 minutes away. The idea of managing group savings on top of life, work, mjolo, and soft life goals. Exhausting. So we asked ourselves: What if we reimagined Stokvels for this generation?
Enter Sum1: Stokvels That Make Sense for Us
At Sum1 Investments, we said: Let’s make Stokvels cool again. One that doesn’t require a brown ledger from the late 90s.
✅ Digital Stokvel Solution: Secure and transparent
✅ Built for growth (because we have big dreams)
✅ Designed for community — both in-person (if you struggle to l get out the house) and social (because your community has spread across the country).
The result:
We’ve seen young professionals, young couples/families and friendship circles that weren’t part of any Stokvels start investment-focused Stokvels on our stokvel investor portal – because it works. It’s wealth-building with accountability, community, and that feel good feeling of culture. We are the solution your WhatsApp group never knew it needed.
Relationships Worth Stokvels
We think any relationship worth building is worth a Stokvel. A shared vision. A shared wallet. And a safety net Incase someone goes AWOL. And the beauty of it – no admin for you to worry about. Everything you need available online: (contributions, returns, adding a new friend or downloading your statement). We have made easy to start and manage e a stokvel that fits into the busy schedule of any young professional.
The Future of Stokvels Is Here — and even gogo agrees
Stokvels can be your gogo’s savings plan and your gateway to furnishing your apartment, paying a deposit for your car or funding that postgrad. They’re what you need them to be. A tool for building the kind of life — and wealth — we all dream of.
So if you’ve been waiting to start, consider this your sign. Gogo would be so proud.