Driving Financial Wellness and Education
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 over 700% in financial coach utilisation once Kaelo Money has been introduced. Learn more here. The reason this increase in utilisation has been so high is due to the financial wellness campaigns that are run through the platform. These include and are not limited to:
Through the financial wellness platform on Kaelo Money, employee will be able to access:
- Free personalised financial coaching
- A financial educational blog that contains monthly content about good credit habits, how to maintain budgets, how to understand your money habits etc.
- A financial educational library that contains short informative videos on budgeting, saving, how to use Kaelo Money to consolidate debts etc.
- A budgeting tool that allows employees to input their income and expenses to assess if a loan is necessary or not
- Financial coach SMS reminders: Every time an employee has utilised the platform, they receive an SMS reminder of the personalised financial coach available to them, all they have to do is reply “Yes
- A pattern identifier, to drive people towards financial coaching when they use consistently without engaging with the financial coaches. Learn more here