Kaelomoney debt spiral

Andrew Smith has worked for his hard-earned money and on the 25th he gets a notification that he has been paid his salary.

Kaelomoney debt spiral
Kaelomoney neutral

When he arrives at the bank to withdraw money, he sees that almost all the money he has earned has already been withdrawn.

Kaelomoney debt spiral

He realizes that some of his family member have sight and access to his account, and while he was still at work, they withdraw the funds from his account.

Kaelomoney debt spiral

He now does not have sufficient funds to support himself and has to turn to loan sharks to fund the shortfalls so he can buy food and pay for shelter.

Kaelomoney debt spiral
Kaelomoney debt spiral

Andrew Smith has worked for his hard-earned money but he knows that if his salary gets paid into his bank account, his family members will withdraw it before he has the chance.

Kaelomoney debt spiral
Kaelomoney solution

On the 15th of the month, when he needs money most, Andrew accesses R1000 through Kaelo Moneys Earned Wage Access via an SMS voucher.

Kaelomoney debt spiral
Kaelomoney solution

Andrew uses the voucher and goes to his nearest ATM and withdraws the R1000. He now has cash in hand and is able to manage his expenses.

Kaelomoney debt repaid
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