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 are:

• Experiencing persistent decreases in their disposable income, this means that they have a decreased propensity and ability to save as well as pay for their normal monthly expenses
• Finding it increasingly difficult to access regulated credit due to increases in their average risk profiles associated with tumultuous economic times.

When emergency events occur, when disposable income is just insufficient to cover expenses and when existing debts are spiralling out of control, employees do not have access to regulated, more affordable sources and as such have little to no choice but to turn to loan sharks or “mashonisas” that create more and more financial debt and financial stress for the employee through no fault of employee. This is why access is so important and why it is a key pillar of focus for Kaelo Money.