Full Text Available
Note: Clicking the button above will open the full text document at the original institutional repository in a new window.
Stokvels: bringing together borrowers, savers, and investors
Stokvel, in South Africa, is used as an umbrella term for Rotating Savings and Credit Associations (ROSCAs) and Accumulating Savings and Credit Associations (ASCAs) which are informal financial associations where the members agree to regularly contribute a set amount to a fund. In South Africa, ther...
Saved in:
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Thesis |
| Language: | English |
| Published: |
African Institute of Financial Markets and Risk Management
2020
|
| Subjects: | |
| Tags: |
No Tags, Be the first to tag this record!
|
| _version_ | 1867613167144665088 |
|---|---|
| access_status_str | Open Access |
| author | Xiphu, Thandile |
| author2 | Georg, Co-Pierre |
| author_browse | Georg, Co-Pierre Xiphu, Thandile |
| author_facet | Georg, Co-Pierre Xiphu, Thandile |
| author_sort | Xiphu, Thandile |
| collection | Thesis |
| description | Stokvel, in South Africa, is used as an umbrella term for Rotating Savings and Credit Associations (ROSCAs) and Accumulating Savings and Credit Associations (ASCAs) which are informal financial associations where the members agree to regularly contribute a set amount to a fund. In South Africa, there are 11.4 million stokvel members which make up about 30% of the adult population. These stokvels save up to R49 billion per year yet, many of the people in these communities that save this money find themselves unable to gain access to credit and savings facilities. An agile and iterative approach was used to develop a web-based stokvel management application that allows groups to adopt a structure where there are borrowers who pay interest, and savers and investors who will receive interest on their savings. Four different evaluations were carried out on the system namely, (1) system testing, to evaluate the implemented features and their correctness, (2) a heuristic evaluation with a set of expert evaluators, (3) usability testing and (4) user acceptance testing with potential users of the application. The evaluators and users gave the application a combined score of 76.875, which translates to a good interface on the System Usability Scale. The users accepted the application, however, the system usability testing showed that the interface needed improvement. The system was developed using multiple iterations but time constraints did not allow for multiple iterations of user testing. It is best to have multiple iterations of user testing so that the user experience feedback can be incorporated into the following iterations |
| format | Thesis |
| id | oai:open.uct.ac.za:11427/30831 |
| institution | University of Cape Town (South Africa) |
| language | eng |
| last_indexed | 2026-06-10T12:31:50.330Z |
| license_str | Not specified — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UCTD — University of Cape Town Open Access Repository |
| publishDate | 2020 |
| publishDateRange | 2020 |
| publishDateSort | 2020 |
| publisher | African Institute of Financial Markets and Risk Management |
| publisherStr | African Institute of Financial Markets and Risk Management |
| record_format | dspace |
| source_str | UCTD — University of Cape Town Open Access Repository |
| spelling | oai:open.uct.ac.za:11427/30831 Stokvels: bringing together borrowers, savers, and investors Xiphu, Thandile Georg, Co-Pierre Financial Technology Stokvel, in South Africa, is used as an umbrella term for Rotating Savings and Credit Associations (ROSCAs) and Accumulating Savings and Credit Associations (ASCAs) which are informal financial associations where the members agree to regularly contribute a set amount to a fund. In South Africa, there are 11.4 million stokvel members which make up about 30% of the adult population. These stokvels save up to R49 billion per year yet, many of the people in these communities that save this money find themselves unable to gain access to credit and savings facilities. An agile and iterative approach was used to develop a web-based stokvel management application that allows groups to adopt a structure where there are borrowers who pay interest, and savers and investors who will receive interest on their savings. Four different evaluations were carried out on the system namely, (1) system testing, to evaluate the implemented features and their correctness, (2) a heuristic evaluation with a set of expert evaluators, (3) usability testing and (4) user acceptance testing with potential users of the application. The evaluators and users gave the application a combined score of 76.875, which translates to a good interface on the System Usability Scale. The users accepted the application, however, the system usability testing showed that the interface needed improvement. The system was developed using multiple iterations but time constraints did not allow for multiple iterations of user testing. It is best to have multiple iterations of user testing so that the user experience feedback can be incorporated into the following iterations 2020-01-29T09:26:17Z 2020-01-29T09:26:17Z 2019 2020-01-29T08:33:34Z Master Thesis Masters MPhil http://hdl.handle.net/11427/30831 eng application/pdf African Institute of Financial Markets and Risk Management Faculty of Commerce |
| spellingShingle | Financial Technology Xiphu, Thandile Stokvels: bringing together borrowers, savers, and investors |
| thesis_degree_str | Master's |
| title | Stokvels: bringing together borrowers, savers, and investors |
| title_full | Stokvels: bringing together borrowers, savers, and investors |
| title_fullStr | Stokvels: bringing together borrowers, savers, and investors |
| title_full_unstemmed | Stokvels: bringing together borrowers, savers, and investors |
| title_short | Stokvels: bringing together borrowers, savers, and investors |
| title_sort | stokvels bringing together borrowers savers and investors |
| topic | Financial Technology |
| url | http://hdl.handle.net/11427/30831 |
| work_keys_str_mv | AT xiphuthandile stokvelsbringingtogetherborrowerssaversandinvestors |