Kaelo Articles
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...
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...
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...
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...
HIV programmes in the workplace
South Africa has an estimated 8.45 million people living with HIV, which accounts for 13.9% of the population as of 2023. HIV is a viral infection that can be transmitted through contact with infected semen, blood, vaginal and anal fluids, and breast milk. This virus...
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 Journeys 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...
Innovative Mental Health Care for South African Employees
In his State of the Nation Address in February 2023, President Cyril Ramaposa referred to South Africans as a nation defined by hope and resilience. South Africans pride themselves on being resilient. Apartheid. State Capture. Loadshedding. Cost-of-living. Global...
Kaelo Money Journeys 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...
Kaelo Money Journeys 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...