Ellen Moloi, Bergville, Obonjaneni, presentation at First KZN Financial Literacy Conference, UKZN, July 2012
“We were receiving training from SaveAct in 2006. When SaveAct arrived we were having stokvels, saving for food. Then come January and we have to take the kids to school, we have to borrow money from loansharks which is very expensive.
SaveAct taught us how to save. We started saving R50 per month. That was April. They trained us for three days and started on fourth day. We had a share-out in December. We saw ourselves having money and able to take the kids back to school without loansharks. In 2007, the share grew to R100. We left our food stokvel and had another share-out and the money grew. In 2008, the share was R200. We shared out again in December and the money grows. Children went to school. Before, we would have so much food but would be unable to take kids back to school.
In 2009, the share was R300 per month. In that year, the money to be shared was R61 000. We just left the groceries. We had money for school uniforms and once we saw we were able to save, another group started saving towards farming. There were two groups, one saving for home activities and the other farming activities. We save on the same day. The farming group shares out in October.
We are able to buy fertiliser and seed, pesticides. In 2010 we had R85 000. We are buying fertiliser this side and have money to take the kids to school without problems. We did farming – beans and maize. We are rich and defeat the men.
If SaveAct should have come when we were young, we wouldn’t have become diabetic. My husband gives me R400 for four kids. In the group if I want to borrow R4 000, I get it. If I want R5 000, it’s there. We are able to send the children on trips. This year we will make our mark. We are going to order fertiliser at Sasol. We are having a big expectation, expecting R100 000 and more. We are out of poverty, getting our fertilizer. Poverty causing diabetes is going. Thanks to SaveAct. Poverty and not having enough money killed our parents. Thank you, Saveact.”
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