It seems that Tala has finally decided to give back to society by making use of the profits they made by charging high interests ranging from 5%-15% on their 21-day and 30-day loans.
The fund’s purpose is to basically offer Tala customers who are small business owners support loans of between Ksh30,000-Ksh50,00 at 0% interest for 6 months.
Such businesses should be involved in the provision of essential services such as food, water, health & medical services, critical household supplies, education, and logistics related to these services.
Tala further states that there will be more initiatives in the future to assist customers and their communities through provision of timely products and tools.
Categories: Loan Apps