StokFel
Truly social savings & lending circles
Your savings circle is private among your select group of friends or family. Each member contributes to the StokFel circle every month, like a shared savings account. Because StokFel is social, you can rely on your circle to encourage and support your savings plan. Your savings grows every month.
But the real magic occurs when unexpected bills arise.
Instead of using high-interest credit cards or other short-term solutions, you borrow from your StokFel circle.
You pay back your loan over a given period of time with interest. But the interest you pay goes back to your StokFel circle, not the bank. So the value of your combined savings grows!
That’s the power of social savings.
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