stokvel
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English
Noun
stokvel (plural stokvels)
- (South Africa) A small, informal syndicate of people who regularly contribute money to a shared fund of savings.
- (often) Such a group in which members periodically take turns in drawing money from the accumulated fund.
- Hypernym: ROSCA
- (often) Such a group in which members periodically take turns in drawing money from the accumulated fund.