Mobile lending has driven financial inclusion in the market enabling small traders to access much needed capital

Proliferation of internet has created a pool of apps among them, tens of digital lending apps, commonly known as loan apps.

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

In a statement, the management said Tala Tanzania “has not made a decision to permanently close operation but was reviewing its operations."

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