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Kaelo Money – Talking money matters where it matters
Financial woes are seen as one of the four main causes of anxiety and depression in South Africa, with the debt spiral seeming inescapable. Are financial issues truly inescapable though? Impossible to tackle? We at Kaelo Money believe financial stress is not an...
Kaelo Money – The Financial Stress cycle and how to break it
A number of economic studies have exhibited a cyclical link between financial stress and mental health problems Financial difficulties lead to mental health problems, associated with these are increased levels of absenteeism, presenteeism and staff turnover. As a...
Product Knowledge
Controls and identifiers
Employees' use of the platform is at their discretion. You may have employees that exploit the platform and therefore put themselves into more debt. We recognise this and have put multiple controls in place to cater for these individuals. One of the key...
Kaelo Money Financial Wellness Workshops
Financial wellness is the key focus of Kaelo Money, upon go live of the solution, we will provide your staff with personalised, in person, financial workshops for your employees. You will receive one workshop per 750 staff members upon go live of Kaelo Money. These...
MicroFinance South Africa Certificate
Providing Access
The two key pillars within Kaelo Money are providing access, specifically to the underserved and most at-risk employees, as well as driving financial wellness and financial education to these employees.Through multiple economic studies, we have seen that employees...
Smart Vouchering
It is a solution which allows the employer to distribute employee gifts and prizes, pay once-off bonuses and make any “out of payroll cycle” immediate payments to employees. This can be facilitated via an SMS Cash voucher or a Direct Bank Payment. The process is as...
Some of our User Testimonials on Hellopeter
"Jaleel's extraordinary efforts in helping me resolve my issue were nothing short of remarkable. His dedication, commitment, and expertise were evident throughout our interaction. He patiently listened to my concerns and provided me with clear and comprehensive...
The Financial Wellness Platform
At the click of a button, employees can access a Financial Wellness tab with multiple tools to assist with their financial health and wellness. Included in this is a personalised financial coach, that can assist with budgeting, debt counselling as well as further...
The Kaelo Money Dashboards
Knowing that your employees are utilising the benefit and that it is having the desired impact is key, not just from the perspective of the Kaelo Money solution, but in understanding what your employee base looks like in terms of financial stress and indebtedness. As...
The Kaelo Money Marketplace
Kaelo Money is proud to introduce the Marketplace as a valuable addition to the product stack. Using Kaelo Money, employees will now be able to access:Employees can buy goods from the marketplace using the following wallets through Kaelo Money:Emergency WalletEarned...
What is Earned Wage Access and why was it introduced
What is Earned Wage Access Earned Wage Access is a means whereby employees can access a portion of the funds that they have already earned before paydayWhy we introduced Earned Wage Access Whilst 90% of the loans that Kaelo Money grants are multi-month, owing to...
Thought Pieces
Driving Financial Wellness
The two key pillars within Kaelo Money are providing access, specifically to the underserved and most at-risk employees, as well as driving financial wellness and financial education to these employees.This is driven through the platform. We have seen an increase of...
How Kaelo Money assists employees in consolidating debt
One of Kaelo Money's main focuses is to help employees escape unscrupulous moneylenders and other expensive debt. A key mechanism within this is using Kaelo Money to consolidate debt. They can use Kaelo Money to replace existing expensive and perpetuating debt with...
How Kaelo Money drives financial coach utilisation
Through the constant reminders and engagement with the Kaelo Money platform, whether this be through the financial coach reminders upon every extension request (through the Emergency Wallet, Earned Wage Access Platform and Marketplace), the lending pattern identifier...
How Kaelo Money reduces administration for the employer
In the recent tumultuous economic times, there has been excessive strain being placed on payroll that creates the following issues:Kaelo Money solves these issues through its various product lines and administrative efficiencies that are created through its...
Kaelo Money – Talking money matters where it matters
Financial woes are seen as one of the four main causes of anxiety and depression in South Africa, with the debt spiral seeming inescapable. Are financial issues truly inescapable though? Impossible to tackle? We at Kaelo Money believe financial stress is not an...
Kaelo Money – The Financial Stress cycle and how to break it
A number of economic studies have exhibited a cyclical link between financial stress and mental health problems Financial difficulties lead to mental health problems, associated with these are increased levels of absenteeism, presenteeism and staff turnover. As a...
Why Earned Wage Access by itself is not enough
Employees would have full exposure to loan sharks as they would have no means of consolidating a portion or the entire debt amounts This amount is not sufficient to cover large expenses and debts and still leaves employees exposed to...
Journeys
Chapter 1: Providing for loved ones in other provinces
Keith Smith has worked 20 days in the month and has almost made it to payday. He has a family member in another province that requires funds to buy food, but he doesn't have enough right now to send them money. He loans the money to pay to his family and uses a loan...
Chapter 2: Emergency wallet situation and where it helps
John Smith experiences an emergency and borrows R1000 from a loan shark as he has no other choice.At the end of the month, John is told he now owes the loans shark R2000.He realizes that he does not have the funds to repay this R2000 and as such now owes the loan...
Chapter 3: Earned Wage Access situation and where it helps
Johnny Smith has worked 20 days in the month and has almost made it to payday, but his expenses are higher than his disposable income due to bad budgeting. He needs a loan to make it to payday and uses a loan shark as its his only available option, he borrows R500.At...
Chapter 4: Avoidance of family members accessing funds as soon as salaries are paid
Andrew Smith has worked for his hard-earned money and on the 25th he gets a notification that he has been paid his salary.When he arrives at the bank to withdraw money, he sees that almost all the money he has earned has already been withdrawn.He realizes that some of...
Chapter 5: Using Kaelo Money to send cash and food vouchers to family
Keith Smith has worked 20 days in the month and has almost made it to payday. He has a family member in another province that requires funds to buy food, but he doesn’t have enough right now to send them money. He loans the money to pay to his family and uses a loan...