Salary advance: How it can boost business growth, employee wellness

Advanced economies are adopting on-demand pay, letting employees access earned wages before month-end through tech-enabled systems.

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Many Kenyan households are struggling to make ends meet on monthly salaries, as the cost of living continues to rise at a pace that far outstrips income growth.

Faced with mounting financial pressure, some have turned in desperation to digital lenders and other third-party sources that offer quick loans, but at steep interest rates. These predatory lending practices often trap borrowers in cycles of debt, increasing stress levels and undermining productivity at work.

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Note: The results are not exact but very close to the actual.