More Kenyans Are Rushing to Take Loans at Tala


Kenyans are rushing to take loans from digital lender TALA after it was approved by the Central Bank of Kenya (CBK).

Some 11 other lenders have registered growth in loan requests after CBK moved to approve them as legitimate platforms.

The CBK recently approved 22 digital money lenders to operate in Kenya.

These include; Jumo Kenya, Letshego, MFS Technologies, Natal Tech Company, Ngao Credit, Pezesha Africa, Tenekata Enterprises, Umoja Fanisi, Mobile Limited (Tala), Ceres Tech, Getcash Capital (Flash Credit Africa), Jijenge Credit, Kweli Smart Solutions, Mwanzo Credit, MyWagepay Limited, Rewot Ciro, Sevi Innovation, SokoHela and Zanifu.

“Consumers are more concerned about ‘access’ rather than ‘licensing by lenders’. However, licensing by CBK is slowly gaining traction as a factor when consumers are choosing digital lenders,” Tala said on Monday.

The CBK had moved to regulate the industry after some digital lenders were deemed predatory – with many Kenyans having complained about harassment by lenders.

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