TALA LAUNCHES 605M REBUILD FUND

TALA LAUNCHES 605M REBUILD FUND

By Donald Kogai

Tala announced the launch of 605 million

Kenya shillings COVID-19 Rebuild Fund to

bolster Kenyan businesses and communities.

The Fund, which Tala plans to grow through

additional funding and partnerships, will

prioritize existing Tala customers as well as

Tala businesses that provide essential services

to their communities.

Eligible customers will be invited to apply for

the Fund’s first new product, a 0% fee, 6-month

Community Support Loan of Ksh. 30,000,

designed to support businesses that are

helping Kenyans recover and rebuild.

“We believe small businesses are the backbone

of the Kenyan economy.

Businesses, and business owners, who provide

essential goods and services to their broader

communities will help Kenyans survive this

crisis and will be on the front lines leading

efforts to rebuild,” said Ivan Mbowa, General

Manager, Tala Kenya.

“We want to give those businesses the ability to

get a head start in helping communities recover

and rebound.

That’s why we are offering select business

owners 0% fee Community Support Loans with

extended tenures.”

All Tala customers who run a business that is

providing essential support to their community

are invited to apply for a Community Support

Loan.

Tala will be prioritizing loans for businesses

that provide the necessities a community needs

to cope with a crisis, such as food, water, health

& medical services, critical household supplies,

education, and logistics related to these

services.

“By investing in entrepreneurs and small

businesses we can multiply our impact, and we

believe supporting small businesses is the best

way to contribute to reviving communities and

local economies.

But this is just the beginning for the Rebuild

Fund.

We are constantly evaluating additional ways to

support customers and their communities by

providing timely tools and assistance,” said Mr.

Mbowa.

“We continue standing with Kenyans and our

customers, believing that we will overcome and

emerge out of this crisis tested but ultimately

more resilient,” he added.