Tala Increases Its Loan Limit Amount To Ksh.50,000

Tala has increased its loan limit amount to Ksh. 50,000 as consumers are drawn to its flexible repayment options and fast-growing loan limits amid high inflation and concerns over the increasing cost of credit from traditional financial institutions.

The increase from thirty Ksh 30,000 to Ksh 50,000 stems from Tala’s MoneyMarch 2022 Report in which customers wished for higher loan limits with 78% of borrowers taking loans to pay for business expenses, add stock, or fund their side hustles.

“We are a consumer-first company and fulfilling our customers’ most relevant needs sits at the heart of our decision-making during product improvements and development of new services,” said Annstella Mumbi, Director for Growth at Tala. 

With the increased limits, we hope that parents can now quickly access a sizable school fees loan and get their child settled in class on time, small traders can pull through stock equaling demand and bread winners can manage to put food on the table each day” concluded Ms.Mumbi.