You make your living selling goods or services as a street vendor.
You need access to credit to make your business more sustainable.
You are in a stokvel with others just like you.
Sign up if you’d like us to meet your group
How Spoon Money works
- A group of at least 5 female street vendors applies to join the Spoon Money Stokvel
- Spoon assesses the group for suitability and the local Community Hub provides further vetting
- If accepted, the group starts saving with Spoon
- The group can make an application for credit to boost their business
- The local Community Hub is the point of access to training and services to support your business growth – groups are obligated to attend regular meetings
- Minimum monthly contribution of R100 per member. Members are encouraged to set a goal and work towards achieving this.
- We split member contributions between Emergency and Long-term investments.
- Member contributions are invested with a reputable asset manager – providing access to wealth-creating capital markets.
- Members can withdraw savings at any time provided the group is in good standing.
- Members receive their contribution plus any capital growth up to termination of membership.
- Savers have the opportunity to access credit (as a group) to buy stock.
- Credit approval, limit, rate and terms will be determined by criteria Spoon Money (Pty) Ltd applies.
- This is a group loan, so every member of your group is held responsible for the repayment of the loan
- The loans are administered though Spoon Money (Pty) Ltd, a registered credit provider (NCRCP 11976).
- A group of at least 5 female street vendors applies to join the Spoon Money Stokvel
- Spoon assesses the group for suitability and the local Community Hub provides further vetting
- If accepted, the group starts saving with Spoon
- The group can make an application for credit to boost their business
- The local Community Hub is the point of access to training and services to support your business growth – groups are obligated to attend regular meetings
- Minimum monthly contribution of R100 per member. Members are encouraged to set a goal and work towards achieving this.
- We split member contributions between Emergency and Long-term investments.
- Member contributions are invested with a reputable asset manager – providing access to wealth-creating capital markets.
- Members can withdraw savings at any time provided the group is in good standing.
- Members receive their contribution plus any capital growth up to termination of membership.
- Savers have the opportunity to access credit (as a group) to buy stock.
- Credit approval, limit, rate and terms will be determined by criteria Spoon Money (Pty) Ltd applies.
- This is a group loan, so every member of your group is held responsible for the repayment of the loan
- The loans are administered though Spoon Money (Pty) Ltd, a registered credit provider (NCRCP 11976).
Our Story
As a social enterprise, our mission is to support women in the low-income market segment to boost their businesses, build financial capability and resilience, and transition our clients from subsistence to stable, profitable micro businesses.
Many self-employed street vendors participate in stokvels as a means of saving. Whilst helpful, often this mechanism doesn’t go far enough to help build up reserves to cover unexpected financial needs or to significantly raise the standard of living in the longer term.
With greater economic mobility, financial independence and thriving township communities at the heart of our vision, we address this by providing community-based financial products and services. We build on stokvel principles of groups, trust and social capital.
The Team

Nicky Swartz
I’m absolutely persuaded that if we empower women to be more successful in their work and financial lives, we provide the foundation for better social outcomes.

Lorna Mclaren
I am passionate about levelling the playing field for women and, together with our customers, creating products that facilitate deep financial inclusion.
We Are Supported By :
Spoon Money Contact Details

Spoon Money (Pty) Ltd is a registered credit provider – NCRCP 11976.
Information provided by Spoon Money Stokvel is for informational and general educational purposes only and does not constitute investment nor financial advice.
Spoon Money
Telephone: 0780868765
info@spoonmoney.com
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