How long is the waiting period before I get my savings and interest and what happens if I want to claim before the waiting period ends?
If a member stops the payment or can no longer afford the payment, their savings will only be paid after the 6 or 12 month saving cycle ends. A full recon of the account will be made available to the member.
The Savings agreement between a member and United African Stokvel is for a Lock-In period of 6 or 12 months.
If, for whatever reason, a member stops paying there is a sequence of events that United African Stokvel follows to engage with the member.
No member may claim any money before the saving cycle, with United African Stokvel, is over. The only exception is if the member passes away.