Chief Executive Ivan Mbowa says mobile lender will prioritize exsisting Tala customers and critical businesses
Mobile lending has driven financial inclusion in the market enabling small traders to access much needed capital
With more than 380,000 Kenyans having so far defaulted on loans taken from digital lenders, one can only imagine how hard it was for the fintechs when they started out.
Tala is promising a disruption of the digital lending sector just months after celebrating its 5th anniversary
Tala was launched in Kenya in 2014 and became the first in the world to offer unsecured loans via smartphone.
Since its inception, Tala has disbursed loans to over 2.5 million customers in Kenya. At a global level, the platform has disbursed more than Ksh 72.3 billio