BY THANDI SKADE
Having been part of several stokvels over the years, and after conducting extensive research among a few local groups, the Soweto-born entrepreneur quickly deduced that administration was a major stumbling block that prevented many groups from reaching their full savings or investment potential.
There’s that ‘pain point’, and I thought this is the best way to solve that ‘pain point’.”
Launched on 16 March, Moloi worked on the app for about eight months before partnering with Pluritone –
an IT services consultancy that specialises in software and app development – to develop the app for another year before the final product went to market.
The app focuses on helping stokvel treasurers and chairpersons keep track of monthly payments and claims, and to schedule meetings.
Anticipating potential resistance to the new-generation approach to a 19th-century savings solution that’s believed to be worth at least R25 billion,
Moloi says his team worked on developing two separate strategies to market the app to older and younger groups.
he says, adding that the younger generation should take greater responsibility in teaching their parents how to be more tech-savvy.
In addition, the StokFella app doesn’t need to be used by every member of the group.
Moloi took into account that not every member may be literate or own a compatible device, so group members are able to capture the details on someone’s behalf. This history can be populated once a member buys a smartphone.
This is working very well. lets see how well it does in the futureJon ShowLord Commander
This is a second post, just to see how it will look in the websiteJon ShowGraphic Designer