1(in South Africa) a savings or investment society to which members regularly contribute an agreed amount and from which they receive a lump sum payment.
（南非）储蓄社团，投资社团
Example sentencesExamples
The Democratic Alliance urged the PIC to use ideas it had submitted to create a share distribution mechanism targeting stokvels and burial societies representing 2,5 million and eight million South Africans respectively.
He says because of the interest rates, he is no longer committed to the Stokvel group he belongs to.
According to the Department of Public Enterprises, historically disadvantaged individuals and stokvels will get preference to buy shares in terms of the offer.
1.1(in South Africa) a society formed to hold regular parties that are funded by the members and generate profits for the hosts.
（南非）（由成员资助的）定期聚会社团
Example sentencesExamples
The husband on the other hand belongs to an all-male stokvel, devoted to the pleasurable and good things in life.
But perhaps the most common form of stokvel amongst both rich and poor were weekend parties for which entry sums were paid.
Others, such as stokvels, youth and women's organisations, show increased levels of membership.
Interviewers found that informal leadership networks of stokvels and migrant homegroups were also important in mobilization.
Among adults, stokvels (voluntary or common-interest associations) provide financial assistance, friendship, and recreation.
1.2A party held by a stokvel.
社团聚会
Example sentencesExamples
Some 22% attended or hosted traditional ceremonies in the past month and 21% attended a stokvel, umgalelo or burial society in the past month.
The wife attends a ‘kitchen party’ - a stokvel - with a group of neighbourhood women.
Origin
From an Africanized pronunciation of stock-fair, denoting a periodical gathering of buyers and sellers of livestock.