Digital lender Tala disburses Sh240 billion in eight years

Tala’s interim General Manager, Annstella Mumbi.  

Photo credit: File | Pool

Fintech credit provider Tala has loaned out a cumulative $1.9 billion (Sh239.8 billion) to Kenyans in over 3.5 million disbursements since it started operations in the country in 2014.

The revelation was made on Tuesday during the unveiling of the lender’s 2022 impact performance report where the firm stated that it has attained an average of 90 percent repayment rate from its customers terming it a huge success.

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