How to setup (for informal stokvels)

• Stokvel Constitution
• Resolution to open mobile money account
• ID copies for four Stokvel members

How to setup (for partnerships)

• Copy of Constitution or Deed of Partnership 
• Partnership Resolution for Account opening
• Proof of physical address for entity 
• Proof of residence for Signatories/Partners
• National Identity document for Signatories/Partners

What are the perks 

• No opening balance required for MoMo stokvel
• No monthly account fees
• Free statements downloadable from online portal
• No fees applicable to the stokvel when money is sent to members e.g. loans or dividends disbursements 
• Access to a wide agent network across the nation
• Transparency: All members have sight of the fund’s activity.