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Stokvel Academy NPC

What does your company do?

Stokvel Academy specializes in empowering stokvels, helping them overcome barriers such as limited financial literacy and management skills. With over 20 years of experience in the field, they offer in-person and digital learning platforms to educate both current and prospective stokvel members on wealth creation. Their services include training workshops, financial wellness seminars, and webinars featuring financial experts, aiming to equip stokvels with essential tools for sound financial practices and overall well-being.

What is your biggest success?

The greatest achievement of Stokvel Academy lies in its transformative impact on Stokvel communities. Through its innovative approach, the academy hosts workshops that serve as catalysts for change, inspiring stokvel members to formalize their groups and adopt new strategies aimed at attaining financial wealth. These workshops provide invaluable insights and practical guidance, empowering members to run their stokvels differently and unlock their full potential. Additionally, Stokvel Academy's quarterly webinars have become a beacon of inspiration for stokvels across the region, drawing participants eager to embrace positive change. By sharing fundamental business principles, the academy equips stokvels with the knowledge and tools necessary to apply these principles effectively in their operations, paving the way for enhanced financial sustainability and prosperity.

What has been your biggest hurdle?

Stokvel Academy faces significant hurdles, with funding standing out as a primary challenge. Sustaining face-to-face workshops and webinars consistently, while aiming to reach a wide array of stokvel members throughout South Africa, demands substantial financial resources. Limited funding often constrains the academy's ability to expand its reach and impact, hindering its mission to empower stokvel communities across the nation. Despite these obstacles, Stokvel Academy remains committed to overcoming funding challenges through strategic partnerships, innovative fundraising initiatives, and efficient resource allocation, ensuring that its valuable educational programs continue to make a meaningful difference in the lives of Stokvel members.