Khumo Ya Rona

Our Wealth, Our Power, Our Future.

History

A Stokvel is a traditional South African savings scheme in which a group of individuals agree to contribute a fixed amount of money to a common pool regularly, weekly, fortnightly, or monthly. These funds are then distributed to members in various ways, depending on the type of Stokvel. This system is a form of a Rotating Savings and Credit Association (ROSCA), prevalent worldwide under different names, such as Chama in East Africa or Hui in China.

Types of Stokvels that exist in South Africa:

Grocery Stokvels' funds are pooled to purchase groceries in bulk, typically at the end of the year in preparation for the holiday season and seasonal traditional ceremonies and funerals.

Savings Clubs members save a fixed amount; the total is distributed at the end of a cycle, usually annually, with each member receiving the same total amount.

Burial Societies provide financial and practical support for funeral expenses.

Investment Clubs' pooled funds are invested to generate returns for members.

Borrowing Stokvels' funds are used to provide loans to members, often with interest.
Multi-function Stokvels combine elements of the above types to serve multiple purposes.

Meaning of Khumo Ya Rona?

“Khumo Ya Rona” meaning "Our Wealth" in Setswana/ SeSotho, represents collective prosperity — wealth not just in money, but in opportunity, protection, and purpose.

Vision

To build an inclusive, youth-driven community stokvel and investment system that supports creative and low-income entrepreneurs, while strengthening intergenerational security through burial and life support planning.

Khumo Ya Rona is a modern, inclusive, and sustainable community-driven stokvel created for youth in South Africa and parts of the African continent, designed to support their growth, potential, and security.

Who Is It For?

✅Youth aged 18–40

✅ Creative business owners and township-based SMEs

✅ Families seeking financial security (including Burial Society)

✅ Young women-led initiatives

✅ Informal workers and hustlers

✅ Anyone passionate about community wealth building

How Does It Work?

Members contribute a monthly or bi-monthly amount to a common pool. Depending on the group type, funds are:

✅ Saved collectively and paid out annually

✅ Used for bulk purchases (e.g., restocking, or production tools)

✅ Invested in creative businesses or startups

✅Allocated to family funeral support

Join a Club, Start Saving

Young creatives (18–35 years) in music, design, film, content creation, performance arts

Save for critical career resources:

Studio time for EP/album
DJ/Production equipment
Merchandise printing
Artist website and marketing
Quarterly Pitch Sessions: Members can present their creative goals to access group savings (micro-grants or interest-free loans)