Addressing Critical Life Unexpected Challenges
Unexpected life events often push underserved communities deeper into poverty. Tela tackles these challenges with a collaborative, tech-enabled platform, creating a sustainable safety net.
We address three key issues
Poverty Traps from Out-of-Pocket Expenses
High out-of-pocket payments for medical bills or emergencies keep underserved populations trapped in poverty.
Solution
Tela’s platform enables groups and institutions to pool resources transparently and equitably to cater for medical expenses.
Poverty from Loss of Breadwinners
The death of a family’s breadwinner often plunges underserved households into abject poverty.
Solution
Tela facilitates collective contributions to provide immediate financial relief to families, ensuring support for dependents following the loss of their breadwinner.
Loss of Livelihood Due to Incapacitation
Incapacitation leaves many underserved individuals without income or support, exacerbating poverty.
Solution
Tela’s platform offers rapid access to pooled funds, covering some living expenses to cushion the effect of the incapacitation.
Platform Capabilities
Our technology-driven platform creates sustainable safety nets that prevent poverty and provide long-term financial stability for underserved communities.
Collaborative Pooling
Transparent and equitable resource pooling that enables communities to support each other during crises.
Rapid Response
Quick access to emergency funds when life's unexpected challenges strike, preventing deeper poverty.
Financial Stability
Long-term financial stability through sustainable welfare solutions that break the cycle of poverty.
Tela's innovative approach transforms how communities prepare for and respond to life's unexpected challenges. By enabling transparent resource pooling and providing rapid access to support during crises, we're building a foundation for long-term financial stability and poverty prevention across underserved communities in Africa.