NASASA’s Purpose

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NASASA’s Purpose

Welcome to the heart of NASASA’s purpose—a commitment to fostering a vibrant and secure Stokvel practice that transcends tradition. Our multifaceted approach is driven by a vision to empower, transform, and elevate communities through structured financial infrastructure. Here’s a glimpse into the core tenets of NASASA’s purpose:

Developing Formal Financial Infrastructure: NASASA is dedicated to developing a formal and robust financial infrastructure tailored to support the unique needs of Stokvels. Through cutting-edge systems, processes, and technology, we aim to create a secure and efficient ecosystem that facilitates the movement of funds and establishes a financial identity for Stokvel members.
Acquiring Enabling Licenses: We acquire and leverage enabling licenses to provide Stokvels with a regulated framework for operation. This commitment ensures legitimacy, longevity, and adherence to the highest standards of compliance, reinforcing the trust and confidence of Stokvel members.
Product and Service Development: NASASA pioneers the development of relevant financial products and services explicitly designed to cater to the diverse needs of Stokvels. Our offerings aim to empower Stokvels with financial tools and resources that align with their objectives and aspirations.
Mitigating Systemic Risk: As stewards of the Stokvel sector, NASASA proactively identifies and mitigates systemic risks. Through robust regulatory measures and oversight, we work to ensure the stability and resilience of the Stokvel ecosystem, safeguarding the interests of members.
Rooting Out Illegal Operations: NASASA serves as a vigilant watchdog, actively identifying and rooting out illegal operations that pose as Stokvels or target genuine Stokvels. This commitment is integral to maintaining the integrity of the Stokvel sector.
Establishing Financial Entities: We establish financial entities specifically tailored to service the unique needs of Stokvels. These entities operate within the framework of regulation, providing Stokvels with reliable and transparent financial services.
Advocacy Group for Stokvels: NASASA acts as a powerful advocacy group, representing the interests of Stokvels on various platforms. Through advocacy, we strive to create an enabling environment for Stokvels to thrive and contribute meaningfully to societal development.
Transforming the Nation: NASASA envisions the Stokvel system as a transformative force for the nation. By empowering individuals, creating equal opportunities, and fostering wealth creation through long-term savings and investment, we actively contribute to building a more equitable society.
Supporting the State and Its Citizens: We support the State by investing member funds with National Treasury, and provide a healthy return on investment to respond to the long-term aspirations of our members. This equilibrium is at the core of supporting both the state and its citizens.
Developing Stokvel Monetary Policy: NASASA takes a pioneering role in developing Stokvel monetary policy. Through careful consideration of economic factors, we aim to establish guidelines and principles that optimize the functioning of Stokvels within the broader financial landscape.
Establishing a Bank for Stokvels: In pursuit of comprehensive financial solutions, NASASA aspires to establish a dedicated bank for Stokvels. This envisioned institution will cater to the specific needs of Stokvels, offering a range of banking services and fostering financial independence.

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To adapt and stay relevant to the constituency. NASASA operates as a learning organisation, purposefully interacting with our environment and continiously improving our process based on experiments and feedback.

NASASA’s Purpose

NASASA’s Purpose

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