There are a number of mobile applications that could be used to achieve similar tasks as Yethu, but Yethu still reigns supreme on a number of fronts. It is the first mobile app of its kind to be built alongside the stokvel community and it is specifically customized to meet the needs faced by the community. The designers of the app spent considerable time in Khayelitsha with the community to understand the associated problems in order to come up with the right solution. The result was a stokvel-centric application which aims to provide a solution to the challenges faced by the community.
The other fundamental difference between Yethu and the other competing apps is that can be accessed via any phone on the market, since it uses a USSD and SMS platform. The app is also linked to the Stokvel’s bank account to act as ensure that that all members know where their money is.
Yethu has been designed and developed by a competent team of individuals comprising of seasoned software developers, mobile banking experts, and community leaders. Yethu is one application destined to improve the operation of the stokvels and provide more benefits to the members. The app has been endorsed by LifeCo, a worldwide social enterprise and incubated by the Far Ventures Enterprise. The team is passionate and optimistic that the app will ensure the stokvel community gets the ideal product that will allow South Africans to financially empower themselves.