Becoming a Resident is possible for anyone who is a South African citizen regardless whether you are in debt or are not employed. The Day One Society is stokvel oriented and is all about changing the perceptions of saving money.
Unemployment is rife in our country, according to Stats SA, South Africa's unemployment rate in the first quarter of 2023 was recorded at 32,9 %, and is among the highest in the world. According to the Quarterly Labour Force Survey (QLFS), this is an increase of 0,2 of a percentage point compared to the fourth quarter of 2022. Generally unemployment makes a lot of things inaccessible to an individual, things such as credit etc. We as Day One don't discriminate against and we offer our services to anyone even if they are unemployed because you have a right to financial security.
You will be glad to know that we don't do a credit check on our applicants, so even if you have a low credit score we will not discriminate our Residents. We believe that you can easily build a much better credit profile with us by your side but even if you do possess a Good credit score you are more than welcomed to join
We don't judge you based on your past, but rather strive to build a financially stable future with you. Our internal systems allow you as a Resident to build your own brand credit history and credit standing that is unique to Day One and can be used to acquire loans etc
Self-employment is the state of working for oneself rather than an employer. Self employers are the movers and shakers of our economy and we are here to help them in their endeavors. Our Society boasts a network that can help in your growth as a self employed individual by socialising with like minded people
Unfortunately if you are reading this and below the age of 18 then you can not sign up for Day One. We, by law, can not sign up minors. However, you can get a gurdian to sign up on your behalf and get yourself an ONLY KIDS account that will be only accessible when you become 18 years of age