The Travel Stokvel concept is simple, explains Lance Nkwe, FCTG Marketing Manager – Emerging Market. ‘Aspiring travellers create their own Stokvel group to contribute towards their dream holiday. By participating in the Stokvel, members receive expert travel advice, as well as exclusive discounts and promotions not available to other customers.’
Nkwe explains that members of the Stokvel may decide to travel as a group, take turns to travel or contribute towards a family member or friend’s honeymoon, for example. ‘There really is no one-size-fits-all reason why you would choose to create a Stokvel group for travel.’
With a minimum of three and maximum of 30 members, signing up for the Flight Centre Travel Stokvel is a straightforward process. Simply complete an application form, which can be found online, and include the signature of each member, deposit the minimum amount of R500 and your Stokvel is up and running.
Aspiring travellers create their own Stokvel group to contribute towards their dream holiday. By participating in the Stokvel, members receive expert travel advice, as well as exclusive discounts and promotions not available to other customers
‘Provided the amount of R500 is retained in the account at all times, Stokvel members can withdraw the funds for any use at any time, not just to book travel.
‘Stokvels are set up to help with emergencies and unforeseen circumstances. This is why Flight Centre decided to eliminate any red tape surrounding the process with no credit checks or difficult approval processes to access the funds. What’s more, Stokvel members can be assured that is a secure way to contribute to a future holiday.’
Stokvel members can also determine how much they want to contribute at any given time by making a deposit into your Stokvel account by EFT or at your nearest Flight Centre store.
Based on how much has been contributed to the Stokvel, members will receive information about an exclusive selection of holidays cherry-picked for them. If any of the members wish to travel, he or she will need the approval of at least two signatories, with at least one of the signatories being the Stokvel Chairperson, Treasurer or Secretary.
Research by the National Stokvel Association of South Africa (NASASA) found there are about 11.5 million individuals participating in Stokvels and investing about R45 billion collectively every year. This makes Stokvels an exceptionally notable component of the national economy.
The launch of the Travel Stokvel furthermore provides travel opportunities for South Africans who may not have been able to travel previously and strives to build a true culture of travel in South Africa.