Financial Transformation
Empowering you to take charge of your finances
Your Path to Financial Transformation
Empowering you to Improve Your Employees/Members Financial Health
Our Financial Transformation programme is designed to provide you with the tools, knowledge, and support you need to transform financial wellness.
Bophelo100 provides a financial wellness solution that fosters active involvement of workers in the improvement of their creditworthiness, provide financial education, exit from bad debt trap and drive engagement and retention goals for organisations.
Business Challenges Driven by Poor Creditworthiness
Financial stress can lead to distractions, absenteeism, and reduced focus on work tasks, ultimately affecting productivity levels.
Employees dealing with financial difficulties may need to take more time off work to deal with their personal
financial issues, leading to increased absenteeism rates.
Employees facing financial problems may be more likely to
seek employment elsewhere in search of better financial
stability, prematurely exit formal employment to access retirement benefits, leading to higher turnover rates and increased recruitment and training costs for employers
Financial stress has been linked to various health
problems such as anxiety, depression, and other mental
health issues, which can lead to 4 increased healthcare
costs and reduced overall well-being among employees
Financial stress can negatively impact morale and motivation among employees, leading to decreased job satisfaction and lower levels of engagement in their work.
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Company Financial Wellness
Wage Advance
Whilst assisting employees with credit score improvement, financial emergencies (transport, education, food, funeral etc.) remain a reality.
What options do they have?
Our Solution
We offer wage advance (Paycheck), access to already earned funds, limited to maximum 25% of nett pay.
PayCheck is not a loan but payment for basic hours already worked.
All risk is absorbed by Paycheck
Case studies confirm improved financial status for employees
Data allows employer to implement meaningful education and support for financially distressed employees
PayCheck is between 57% and 76% more cost effective than payday loans and loan sharks (mashonisa)!