Analysing Stokvels Development Through the Lens of Layered Conceptual Framework

Mduduzi Justice Kennedy Bophela ()
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Mduduzi Justice Kennedy Bophela: Mazinga Capital

Technium Social Sciences Journal, 2022, vol. 29, issue 1, 458-470

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.

Keywords: stokvels; ROSCAs; Maslow; Hayes & Wheelwright; economic transformation; policy framework (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:tec:journl:v:29:y:2022:i:1:p:458-470

DOI: 10.47577/tssj.v29i1.5936

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