Improving South Africans Riversands entrepreneur Andile Fulane of Seed of Prosperity is a man on a mission to improve the financial health of South Africans. “Years of easy credit have left many people with debts they can’t handle. We offer practical, structured advice which allows them see beyond their current circumstances and begin managing their income in a way that allows them to reach financial goals such as buying a house,” he commented.
The whole process has become super-easy with a mobile app Moneyac, which allows users to measure their financial health through credit monitoring and budgeting tools.
“The secure app pulls together all relevant information such as credit reports and budgets. It also provides financial literacy training. The instant messaging function has seen a 60% increase in interaction between my team and our clients because it short circuits phone calls and face to face meetings. We’re also very excited to note that the rate of adoption of solutions e.g. budgeting which we recommend to clients has increased from 50% to 80%,” said Fulane.