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Meaning of "stokvel" in the English dictionary

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DICTIONARY
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ETYMOLOGY OF THE WORD STOKVEL

Of uncertain origin.
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Etymology is the study of the origin of words and their changes in structure and significance.
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PRONUNCIATION OF STOKVEL

stokvel  [ˈstɒkˌfɛl] play
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GRAMMATICAL CATEGORY OF STOKVEL

noun
adjective
verb
adverb
pronoun
preposition
conjunction
determiner
exclamation
Stokvel is a noun.
A noun is a type of word the meaning of which determines reality. Nouns provide the names for all things: people, objects, sensations, feelings, etc.

WHAT DOES STOKVEL MEAN IN ENGLISH?

Stokvel

Stokvels are invitation only clubs of twelve or more people serving as rotating credit unions or saving scheme in South Africa where members contribute fixed sums of money to a central fund on a weekly, fortnightly or monthly basis.The name “stokvel” originated from the term “stock fairs”, as the rotating cattle auctions of English settlers in the Eastern Cape during the early 19th century were known. Stokvels generally have a constitution which dictates the size of the contributions, when the accumulated money is to be paid out and the roles and responsibilities of the members. Each month a different member receives the money in the fund, which was collected during that period. Defaults on contribution are quite rare as other members will know if you haven’t paid your contribution, and also because the regular meetings are a reminder of what you will gain when it is your turn. Though defaults have become increasingly more common due to AIDS and the economic crisis. Depending on the type of stokvels, the members can use the collected fund for their own use, for payment or investment purposes.

Definition of stokvel in the English dictionary

The definition of stokvel in the dictionary is an informal savings pool or syndicate, usually among Black people, in which funds are contributed in rotation, allowing participants lump sums for family needs.

WORDS THAT RHYME WITH STOKVEL


Achitophel
əˈkɪtəˌfɛl
Ahithophel
əˈhɪθəˌfɛl
astrofell
ˈæstrəʊˌfɛl
fell
fɛl
Israfel
ˈɪzrəˌfɛl
refel
rɪˈfɛl
woolfell
ˈwʊlˌfɛl

WORDS THAT BEGIN LIKE STOKVEL

stoke
stoke up
Stoke-on-Trent
stoked
stokehold
stokehole
stoker
stokes
Stokesay Castle
stokesia
Stokowski
STOL
stole
stoled
stolen
stolen generation
stolenwise
stolid
stolidity
stolidly

WORDS THAT END LIKE STOKVEL

A level
A-level
air travel
entry-level
gravel
high-level
level
low-level
marvel
navel
novel
on a level
on the level
revel
sea level
shovel
swivel
the novel
top-level
travel

Synonyms and antonyms of stokvel in the English dictionary of synonyms

SYNONYMS

Translation of «stokvel» into 25 languages

TRANSLATOR
online translator

TRANSLATION OF STOKVEL

Find out the translation of stokvel to 25 languages with our English multilingual translator.
The translations of stokvel from English to other languages presented in this section have been obtained through automatic statistical translation; where the essential translation unit is the word «stokvel» in English.

Translator English - Chinese

stokvel
1,325 millions of speakers

Translator English - Spanish

stokvel
570 millions of speakers

English

stokvel
510 millions of speakers

Translator English - Hindi

stokvel
380 millions of speakers
ar

Translator English - Arabic

stokvel
280 millions of speakers

Translator English - Russian

stokvel
278 millions of speakers

Translator English - Portuguese

stokvel
270 millions of speakers

Translator English - Bengali

stokvel
260 millions of speakers

Translator English - French

stokvel
220 millions of speakers

Translator English - Malay

Stokvel
190 millions of speakers

Translator English - German

Stokvel
180 millions of speakers

Translator English - Japanese

stokvel
130 millions of speakers

Translator English - Korean

stokvel
85 millions of speakers

Translator English - Javanese

Stokvel
85 millions of speakers
vi

Translator English - Vietnamese

stokvel
80 millions of speakers

Translator English - Tamil

stokvel
75 millions of speakers

Translator English - Marathi

स्टोकवल
75 millions of speakers

Translator English - Turkish

stokvel
70 millions of speakers

Translator English - Italian

stokvel
65 millions of speakers

Translator English - Polish

stokvel
50 millions of speakers

Translator English - Ukrainian

stokvel
40 millions of speakers

Translator English - Romanian

stokvel
30 millions of speakers
el

Translator English - Greek

stokvel
15 millions of speakers
af

Translator English - Afrikaans

stokvel
14 millions of speakers
sv

Translator English - Swedish

stokvel
10 millions of speakers
no

Translator English - Norwegian

stokvel
5 millions of speakers

Trends of use of stokvel

TRENDS

TENDENCIES OF USE OF THE TERM «STOKVEL»

The term «stokvel» is quite widely used and occupies the 48.767 position in our list of most widely used terms in the English dictionary.
0
100%
FREQUENCY
Quite widely used
78
/100
The map shown above gives the frequency of use of the term «stokvel» in the different countries.
Principal search tendencies and common uses of stokvel
List of principal searches undertaken by users to access our English online dictionary and most widely used expressions with the word «stokvel».

FREQUENCY OF USE OF THE TERM «STOKVEL» OVER TIME

The graph expresses the annual evolution of the frequency of use of the word «stokvel» during the past 500 years. Its implementation is based on analysing how often the term «stokvel» appears in digitalised printed sources in English between the year 1500 and the present day.

Examples of use in the English literature, quotes and news about stokvel

EXAMPLES

10 ENGLISH BOOKS RELATING TO «STOKVEL»

Discover the use of stokvel in the following bibliographical selection. Books relating to stokvel and brief extracts from same to provide context of its use in English literature.
1
Banking on Change: Democratising Finance in South Africa ...
Food and drink is provided at some stokvel meetings. These groups of like- minded consumers share brand loyalty and relay both good and bad experiences to one another. Because of their year-end bulk buying, they create opportunities for ...
David Porteous, Ethel Hazelhurst, 2004
2
Witchcraft, Violence, and Democracy in South Africa
At first I found the famous institution of the stokvel particularly puzzling. The stokvel is a rotating credit association in which a group of a dozen or so people combine, agree to contribute a set amount monthly, and meet each month to make their ...
Adam Ashforth, 2005
3
World Englishes: Critical Concepts in Linguistics
1996, s.v. "own ") 1 1 Stokvel is an adaptation of SAE stock-fair, but is perceived by many to have Afrikaans origins. "The term 'stokvel' comes from the rotating cattle auctions or 'stock-fairs' of English settlers in the Eastern Cape during the early ...
Kingsley Bolton, Braj B. Kachru, 2006
4
Business and Communalism: A new paradigm?
Stokvels A stokvel is a South African term for a club or syndicate that serves as a rotating credit union. The stokvel combines the financial resources of the group to achieve benefits that members could not achieve on their own. Every year, as ...
Praeter, 2013
5
Boycotts, Buses, and Passes: Black Women's Resistance in the ...
Also providing mutual support and practical organizing experience were the women's savings organizations known as the stokvel. Somewhat akin to domestic workers' penny-savers' clubs in the United States," stokvel participants met in ...
Pamela E. Brooks, 2008
6
Portfolios of the Poor: How the World's Poor Live on $2 a Day
But he prized his informal stokvel, a local word for various kinds of saving club, even more highly. He had been in the stokvel for many years, and rather than miss a payment into it, he would borrow—as we saw him do once during the year .
Jonathan Morduch, Stuart Rutherford, 2009
7
Defiant Desire: Gay and Lesbian Lives in South Africa
In the early 1990s, Junior started the Jikileza Boys, a gay stokvel for boys and men mostly from Meadowlands and the Jabulani areas in Soweto. This stokvel, which closed in 1992, provided money in the event of death in a member's family.
Edwin Cameron, Mark Gevisser, 2013
8
Macro-Economics: A Southern African Perspective
Because of their rapid growth - up to 500 000 new members join every year - the National Stokvel Association of South Africa (NASASA) was founded in 1989. The association is a spokesperson for stokvels, stimulates marketing opportunities ...
A. G. Oosthuizen, T. C. Van Der Vyver, 2002
9
Unlocking Markets to Smallholders: Lessons from South Africa
The most common name for the ROSCA in South Africa is 'stokvel'. The stokvel is more common in the urban than in the rural areas. Stokvels are informal solidarity or self-help groups offering nearly all the financial services and some social ...
Herman D. van Schalkwyk, Gavin C. G. Fraser, 2012
10
Defiant Desire
In the early 1990s, Junior started the Jikileza Boys, a gay stokvel for boys and men mostly from Meadowlands and the Jabulani areas in Soweto. This stokvel, which closed in 1992, provided money in the event of death in a member's family.
Mark Gevisser, Edwin Cameron, 1995

10 NEWS ITEMS WHICH INCLUDE THE TERM «STOKVEL»

Find out what the national and international press are talking about and how the term stokvel is used in the context of the following news items.
1
Investors up in arms over stokvel scam
Pretoria - Members of the so-called Wall Street Stokvel are crying foul after investing thousands of rand into an allegedly illegitimate stokvel, with a promise that ... «Independent Online, Jul 15»
2
Wealth Hub stokvel under investigation
According to court papers obtained by Business Times, the NPA has applied to the Johannesburg High Court to have the Wealth Hub's bank accounts frozen as ... «DestinyConnect, Jul 15»
3
Online 'stokvel' Wealth Hub under the NPA's glare
Founders of the popular online stokvel The Wealth Hub, which has attracted more than 20,000 members, are under investigation for alleged money laundering ... «Times LIVE, Jul 15»
4
Illegal stokvel has five bank accounts frozen
A popular online stokvel has been declared illegal and had its five bank accounts frozen. The Wealth Hub was set up by former University of North West ... «Sowetan Live, Jul 15»
5
Stokvel Academy hosts Stokvel Development Training
The Stokvel Academy is currently hosting a series of Stokvel Development Training classes in Rockville, Soweto. Each session accommodates up to 50 stokvel ... «Bizcommunity.com, Jul 15»
6
All eyes on the stokvel money pot
Given that stokvels are largely unregulated, figures are sketchy. However, according to Old Mutual, there is about R45-billion plugged in to more than 100 000 ... «Times LIVE, Jun 15»
7
Stokvels fly as Wealth Hub reinvents itself
After initially shutting down, the Wealth Hub scheme was then relaunched on Wednesday as a "community stokvel", with members no longer required to pay ... «Times LIVE, Jun 15»
8
'EFF is Julius Malema and Floyd Shivambu's stokvel'
EFF is not a political party, but Julius Malema and Floyd Shivambu's stokvel. People are going to talk and say we were promised positions in the ANC, but we ... «News24, May 15»
9
Ponzi fears mount as 20000 flock to online 'stokvel' Wealth Hub
The Financial Services Board (FSB) has raised the alarm over a popular new online stokvel, The Wealth Hub, which signed up more than 20000 people within ... «Times LIVE, May 15»
10
Stokvel group helps vulnerable children
A group of 11 women working for Dundee Precious Metals Tsumeb have extended a helping hand to the Tsumeb family support centre, a non-governmental ... «New Era, May 15»

REFERENCE
« EDUCALINGO. Stokvel [online]. Available <https://educalingo.com/en/dic-en/stokvel>. Apr 2024 ».
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