Why we Exist?
We believe that the informal economy is booming and we believe that stokvels are critical to the formation of capital . We believe that stokvels are becoming the banking system of the informal economy and we can’t wait to see it grow. Our vision is to become the underlying system that governs the banking system of the informal economy.
Our mission is to be at the forefront of technological adoption in the township focusing specifically on financial technology. We ensure we properly understand whatever industry we are in from the ground up, integrating with communities that we learn from.
We believe that technology will only be successful if its built alongside the community it aims to serve. While we are still learning and understanding communities, we believe that the introduction of technology should only happen once an ecosystem is strong enough to sustain itself.
The team at Yethu is made up of a diverse group of individuals ranging from community leaders and Stokvel members to individuals with up to 10 years’ experience in mobile banking. The team also includes software developers from home and abroad as well as mentors and board advisors with backgrounds in international business consulting.
The LifeCo is a replicable social business that has supported us and many other social entrepreneurs .
Launch Lab focuses on the entrepreneur with coaching and mentorship programmes and have offered us great support.