
Stokvel Club To Pay-Off Loans
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Thandi Mkhabela's money used to slip through her fingers. Now the 34-year-old mother of four earns interest on monthly savings, has paid off her debts and is planning to extend her house in a township just outside Johannesburg, without ever dealing with a bank. Mkhabela's improved financial footing came after she formed a savings club with 16 other women in June 2020.

