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Analysing Stokvels Development Through the Lens of Layered Conceptual Framework

Author

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  • Mduduzi Justice Kennedy Bophela

    (Mazinga Capital)

Abstract

Despite the popularity of stokvels, there is dearth in studies to develop integrated models of stokvels. This study intends to provide a conceptual framework for developing an integrated framework by layering each component of the Maslow's hierarchy of need and Hayes & Wheelwright business models. Simple random method was adopted on 395 stokvelgroup's members who were administered with a questionnaire and the purposive sampling method on 6 MC members of eThekwini Municipality that participated in the interviews. The qualitative data was analysed using N-VIVO (version 11.0). The quantitative data was analysed using inferential and descriptive statistics. A new model layering Maslow's theory with the Hayes & Wheelwright four-stage model was developed using a theory triangulation technique to validate the theories with the findings of the study.

Suggested Citation

  • Mduduzi Justice Kennedy Bophela, 2022. "Analysing Stokvels Development Through the Lens of Layered Conceptual Framework," Technium Social Sciences Journal, Technium Science, vol. 29(1), pages 458-470, March.
    • Handle: RePEc:tec:journl:v:29:y:2022:i:1:p:458-470
    DOI: 10.47577/tssj.v29i1.5936
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    References listed on IDEAS

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    1. Stefan D. Josten, 2013. "Middle-Class Consensus, Social Capital And The Fundamental Causes Of Economic Growth And Development," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 38(1), pages 1-26, March.
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    More about this item

    Keywords

    stokvels; ROSCAs; Maslow; Hayes & Wheelwright; economic transformation; policy framework;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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