HOW IT WORKS
1. Start A Stokvel ClubFind a minimum of three reliable members who will share the same money goals with you, then start a stokvel club. You will also get FREE standard constitution templates to guide you in formalising the workings of your stokvel club.
2. Setup An Online Nala Club AccountBased on your club goals and time set to achieve them; we will help calulate and suggest an ideal club account structure between a Nala Savings or Nala 32 Days; both with attractive interest for your stokvel club.
3. Load Your Club MembersLoad all your participating stokvel club members for 100% transparency. The app will send a secured PIN to each member’s phone number; which they can always change once they have fully onboarded the app.
4. FICA Your Club ExecutivesWith no long bank queues; FICA your stokvel club executives right on our app by uploading a certified ID and your proof of residence (less than 3-months old).
5. Start Making Secured PaymentsYou can now get a loan that rewards your stokvel club back with income, and you can safely make your monthly contributions from your phone or at any till of the following retail stores across South Africa (Shoprite, Checkers, PnP, Pep, Boxer, Spar, Massmart and Ackermans).
Any Questions?If you have any questions or are experiencing any difficulty onbording or finding your way onto our award-wining app, please reach out to us.