stokvel
noun /ˈstɒkfel/
/ˈstɑːkfel/
South African English [ˈstɔkfel]
(South African English)- a group of people who agree to pay regular amounts of money and take turns to receive all or part of what is collectedWord Originfrom an Africanized pronunciation of stock-fair, denoting a periodical gathering of buyers and sellers of livestock.