How Kipi Works


KIPI Stokvel

​So you want to know how Kipi works. Well you have come to the right place. KIPI, also known as MyDeposit247 or MyDeposit241, is an innovative stockvel which was started in Russia in 1995. It then spread around the world to over 80 countries, including Canada and Europe.

Kipi Stokvel was introduced in South Africa in May 2013. KIPI has since improved the financial lives of many poor and middle class people all over the world, including South Africa

KIPI MyDeposit247 is a Financial Social Platform that uses the power of networking to assist anybody to reach their financial goals in life.

Anyone can become a member of KIPI and add a goal. Members of KIPI are believers and achievers, and that is why members support the network.

KIPI Community

By supporting KIPI, you are supporting yourself, not the bank, not a scheme, not any company, but the individuals themselves, like you. 

Create an account on the main website – MyDeposit241 – and add your dream with the amount of funds you are able to donate.

MyDeposit247 Login

This donation will earn you daily interest while helping somebody else to fulfill their goal. So your balance will grow for adding this donation.

Other members will join and also donate, overtime you will see your progress line for your dream increase, till you have enough for others to donate and make your dream come true.

KIPI Community

The KIPI financial platform calculates how much money you need in relation to how soon you need it. From time to time, people will transfer funds to you, and you will be required to transfer funds to somebody else in the community to assist them. You will not be asked to donate to anybody for more than what was sent to you.

So in this way, when you donate the money to buy your dream, you do not donate to the organisation, you donate to a community members like you. So KIPI is a unique stockvel because all the money is kept by community members who have a dream just like you.

But the money kept by community members is always less than their dream. So if they become dishonest and run away with the money, they lose their dream.

Kipi Investment (Donation)

In order to get started with Kipi, you have to invest (donate) a minimum donation of R 100, which will increase to R 2 000 after 16 months when your dream matures. The maximum you can donate is R 120 000, which will increase to R2 400 000 when you withdraw it after 16 months. The Kipi Investment Table show the money you can make depending your donation and  the period of the donation.

KIPI Investment

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