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Meet Property Stokvel Investment Club, A Cheaper Way For Young People To Own Property

Investing in and buying property is becoming an expensive commodity in South Africa. With ever increasing bond and home loan interest rates, many people are struggling to buy homes and commercial property. However, Property Stokvel Investment Club is trying to make owning property for black South Africans more easier and accessible. The Daily Vox spoke to one of the head recruiters, Calvin Mabena, to find out how the stokvel works.

The purpose of the stokvel was created to help young individuals who are permanently working or generating a sustainable income every month. The stokvel was started in 2018 by business entrepreneur Nicolas Manyike, and there are two phases or levels one can join. There is phase one, where an individual can contribute R2 100 for two years. After the desired goal has been reached, the stokvel then buys a property that will generate an income for us.  Phase two is where members buy each other houses as soon as the goal of phase one is reached. The mandate is to liberate people from buying bonds for 20 years or more. Instead, we want to invest in property whereby at the end of the period agreed upon, people will be taking profit and with that profit you will be able to purchase property.

If you take out a bond for instance, you are looking at paying an amount of maybe R8 000 per month and R10 000 per month for 20 years. However, with us for instance, if we have a pool of 30 people who would be contributing R15 000 every month, then that means we are able to purchase a bond of R450 000 cash every month. So that means in 30 months, we can purchase properties without any debts whatsoever. From the R2 100 contributed every month, a hundred rands will taken off towards administration and maintenance, such as office cost, and legal fees when we are about to buy a franchise, properties, or land.

We encourage anyone to join the stokvel, even those who are blacklisted can join. There are currently thirty members and the stokvel is planning on having a group of a hundred in every province .

Anyone from any province can join. New members are required to make a once off non-refundable payment of R250 and submit a proof of payment together with the application form.  Stokvels are a way so we as black people can empower each other. We want black people to own more than one property and in most cases, you are not able to when you take out a bond because of the payment period. The long-term plan for the business  is to invest and diversify into agriculture, logistics and other profitable industries.

To find out more about the Property Stokvel Investment Club, you can contact the founder, Nicolas Manyike on 071 234 6701.

The interview has been edited for brevity and clarity.

Editor’s note: The number of phases and cost have been changed to accurately reflect the current structure of the Property Stokvel Investment Club. Some information was added and ommitted after consultation with the founder.

Featured image supplied
60 Comments
  1. nokuthula says

    I would like to join the stokvel

  2. Jacky Mamashela says

    I would like to join, please email me the application form.

  3. Francinah says

    Hi nicolas

    Inwould like to join your stockvel. Please send me the application form. I love property investment.

    1. Mavis says

      Hi.Nicholas I would like to join…kindly send me an application form

  4. promise says

    i heard this from my friend. can you please refer to me on the official site of this. and better yet can you send me the application form

  5. Shadrack says

    I like to join can u pls send an application form

  6. Nkosazana says

    Please send me the application form

  7. Mimi says

    Im intrested in the stokvel

  8. Lungile Hlabisa says

    Hi

    I would like to join ;kindly forward the application form

    Regards
    Lungile Hlabisa

  9. Mapaseka Leseyane says

    Hi Nicholas,

    I would like to join the stockvel, please send me the form.

    Regards,
    Mapaseka

  10. Maureen says

    Hi, i heard about this on metro FM this morning. How does one become a member, pls send application form

  11. Gideon Nkosi says
  12. Gideon Nkosi says

    Hi, i heard about this on metro FM this morning. How does one become a member, pls send application form

  13. Lerato says

    Hi,

    My husband and I are interested in but we need more information do you have workshops we can attend to get clarity.

  14. Thapelo Mmusi Thomas says

    Whats up Mr Manyike.

    Please send me the application thapelotmm@gmail.com

    1. Thapelo Mmusi Thomas says

      I was listening to Break fast and from what you said it makes sense. i will contact you during course of the day.

  15. Tshililo says

    Good day,

    Sound financial interesting, could u kindly send me the application form to tmudzudzanyi@gmail.com

  16. bonile says

    send me the application forms

  17. Nokuthula says

    hi.. please Kindly send us more information

  18. Sipho Khumalo says

    Can I please have and application form and the cell number that you provided on Metro for whatssapp to siphokh@mfc.co.za

  19. nobuhle Kgomo says

    I would like to join please send me an information.

  20. Peter says

    Hai send me application form
    mokgawapeter@gmail.com

  21. Tamia Magengelele says

    interested please email me magengeleletamia@gmial.com

  22. Dineo says

    HI please send me application form

  23. Olane says

    please email me the application form

  24. Sibusiso mnikathi says

    Hi Nicholas I’d like to join the stockvel, email me the application form at ssmnikathi@gmail.com

    1. Sibusiso mnikathi says

      Or here 0833044648

      1. Unathi says

        Please send me application forms at unathimsutu@gmail.com

  25. Rebecca Modise says

    This is amazing platform to invest a lifetime storkvel am joining when you have do tink after 5 years from now how global will this be let uplift our black empowerment business

  26. Phelelani says

    I want to join

  27. Thabo says

    please send me application form -@ tjh101284@gmail.com

  28. Xolani Mcono says

    Interested please send application form

  29. Unathi says

    I would like to join the stokvel..please email the application form …unathigqoloza@gmail.com

  30. sine says

    I would like to join asap slmthembu@gmail.com

  31. Joyce says

    I would like to join pls send me a form

  32. Morwesi says

    Hi pls send me an application form

  33. Lisa says

    Dear Sir/Madam

    Can you send me an application form please

  34. Solomon mabula says

    Am interested please send me application forms

  35. Solomon mabula says
  36. Andries says

    I am interested too can u send me an application form please.

  37. Doctor says

    I’m interested please send me application forms

  38. Nozipho says

    I would like to join

  39. Sikhumbuzo Kolisi says

    good day, i am in Cape Town I heard about this on Metro fm i’m interested this is me Kolisisk13@gmail.com

  40. Lindi says

    Interested in joining but still need clarity. Can you so long send me application form/s, maybe they will give clarity.

  41. Manana Rikhotso says

    I am interested, please send me an application form.

  42. Luvuyo says

    L

  43. Kgomotso says

    I would like to join the Stokvel ,please send me application form

  44. Tendani says

    Hi. My Wife and I we are interested in this,please send us more info on how to attend your seminars.

  45. Sipho Mhlanga says

    Interest in the stokvel

  46. Vukea W. says

    This is amazing. I would like to hear more.

  47. Penelope Leshoro says

    I Heard about this STOKVEL yesterday at SABC 2. Im interested NICOLAS this is good to empower black people.

  48. Cynthia says

    Please send an application form

  49. lerato says

    Application forms pls.

  50. Vhonani Nari says

    This is very professionalism, and the website is inviting .

    Thank you all who came with the idea, and this will be more helpful to the young generation who come up.

  51. Hlonny says

    Hi, this is amazing, more info

  52. Reneilwe says

    Please provide me with more information and application form

  53. boity says

    good Afternoon

    please send me more informatiom and forms

  54. Meme says

    Hi I would like to join please send me the application form meme.kgatla@gmail.com

  55. Boitumelo says

    Good day, please kindly send me application forms

  56. Nhlanhla says

    Can you please email the info I want to join
    Nhlanhlastanley26@gmail.com

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