‘There is no running away from the fact that now in South Africa there is such an ill distribution of wealth that any form of political freedom which does not touch on the proper distribution of wealth will be meaningless.’ – Bantu Steve Biko
WHAT IS IT?
The time has finally come!
The BrownSense stokvel is a call to action for all of us to invest in small black owned businesses. Basically we all contribute R100 a month after paying a R600 joining fee (The joining fee increases by R100 each month to ensure that each new member and any old members have paid the same amount into the stokvel). The proceeds will then be used to buy assets that will be collectively owned by Brownies from The People’s Fund.
WHAT CAMPAIGNS WILL YOU BE INVESTING IN?
The money will be evaluated monthly for what campaigns are available on The People’s Fund and how to divide the money across the campaigns to own the most number of assets. All campaigns on The People’s Fund, are brownie owned growth business who have a track record of delivery and are looking to take their business to the next level. Here is an example of a campaign in the video
WHEN DO I GET PAID OUT?
The proceeds from the assets will then be kept as a form of capitalization for the next five years & at the end of the 5 years we will register a co-operative bank that we will all own collectively, and equally, as brownies. All moneys paid into the stokvel are tied in for the next five years. You can pay the R100 monthly or R1200 for the whole year or R6000 for the five years.
A BLACK BANK FROM R100 p/m, REALLY?
There are currently over 100k of us, which means we could easily finance R10million worth of assets on The People’s Fund a month.
The assets on The People’s Fund have an average return of 20% year on year. At the end of the five year period, we will register a cooperative bank with all of the returns. If all of us participate, we would be capitalized to R1.2billion. Meaning we could start applying for the ultimate dream of this group, a black bank run by the people.
OKAY HOW DO JOIN?
All of this will be done on the StokFella app (which is available on www.stokfella.mobi ). Stokfella IS a 100% Brownie owned business, is a registered FSB provider with FSB number 48812 and is really easy to use. Simply sign up and search for Brownsense Group inside the app.
To Join The Brownsense Stokvel, simply go to www.stokfella.mobi and search for the Brownsense Group