HOW IT ALL STARTED?&nbsp;We are a group of friends who always supported each other, especially when it came to important things like funerals. When we started, we had a rotation schedule where each member received R500 when it was their turn. But some didn&rsquo;t stick to the rotation schedule and we decided to turn the stokvel into a club that will enable us to save money every month.HOW DOES YOUR STOKVEL WORK? We are a group of 24 people who assist one another with funeral expenses and other family related functions. Each member has 10 dependants under them and if a dependant passes away, we each contribute R200 towards funeral expenses.WHAT ARE SOME OF THE CHALLENGES YOU FACE? We believe that there will always be problems and we have a way of working towards resolving those bad situations. We are like a family; we don&rsquo;t&nbsp;want to see one of our members being in a financial predicament. The challenge that we have is&nbsp;that most of us struggle to save money and this is where the club comes in handy for us.WHAT ARE YOUR FUTURE PLANS?We are working on investing our money into a business. We also plan on recruiting new members. We want to equip ourselves with&nbsp;financial skills so that we become financially stable. We are also looking out for&nbsp;investment opportunities.

Taking Money Matters Into Their Own Hands

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is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

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{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.