Cape Town - A group of Cape Town women from Philippi, Crossroads, Khayelitsha and Strand have started a stokvel with a difference.
They call themselves the Masakhe Ladies (Let’s build each other) and they pool their money to build houses.
Started in January, the stokvel currently has 12 members, each contributing R2 450 a month.
They then buy materials, rotating through the members one at a time. Members decide among themselves whose turn it is for the monthly lump sum payment. The founding members met through a food stokvel.
“We can’t keep on having stokvel for food when we know that the most important thing is the roof over our heads,” says Ntombekhaya Plati....
Photo - http://v.duta.us/GPyBNQAA
Click here to read more— - http://v.duta.us/lDp7_AAA