Thursday, April 19, 2018

Tala Set To Grow With kes 6.5 Billion Series C Funding

    April 19, 2018   No comments
Tala Mobile formerly Inventure

Tala, the most popular mobile microfinance secured a series C investment led by Revolution Growth and existing investors like Rabbit Capital ,Female Founders,IVP,Data Collective and Lowercase Capital an amount  totalling kes6.5 billion to be used to better the loan app and expand to new markets .

Tala's Next Target Markets

The microfinance which is currently operating in Kenya ,Tanzania and Philippines ,is now set to land in Mexico and India under the new funding .

Who's Joining Tala 

In March , Anay Shah, a former employee at Remitly joined Tala.Now joining Tala's Board of Directors and Advisors is  Steve Murray, managing partner at Revolution Growth .

"We are excited about bow Tala is using mobile devices and data science to unlock this huge unmet opportunity and serve a market that is underserved by traditional financial institutions.Under Shivan's vision and leadership, the economy has grown to become one of the leading mobile-first lenders in emerging markets and is enabling millions of customers with no credit history to start businesses and participate in the global economy "Said Murray  
Shivan, the founder and CEO Tala said,
With more than 3 billion underserved consumers globally,Tala's ultimate aim is to deliver meaningful products and services that build radical trust with our customers and put more people in control of their financial lives. We are excited to bring our globally proven,customer-driven platform to additional markets where the required is high demand for consumer credit and significant underserved population.We wouldn't ask for a better partner in Revolution,who shares our dedication to bringing investment and opportunity to underserved communities. We are thrilled to welcome Steve Murray to our phenomenal team of investors and advisors as Tala enters this next phase of growth 

 Who Heads Tala Kenya

In Kenya Tala is led by Rose Muturi who has been instrumental in steering and building the business since last year.

Rose said,
Customers in Kenya average between 18 to 40 years of age and are skewed more towards borrowing for business needs. This year,Tala customers can look forward to continued product improvements, including new terms and features. 

Tala Offices Worldwide 

The lender has offices in;

  1.  Santa Monica (US),
  2.  Nairobi (Kenya),
  3. Dar Es Salaam (Tanzania),
  4. Manila (Philippines ),
  5.  Mexico City (Mexico) ,
  6. Mumbai (India) 
  7.  Bangalore (India).

Tala and Numbers

  • Has a total of 215 employees spread across all offices 
  • In Kenya, loans range between ksh1000 and ksh30000
  • In Kenya, Tala disbursed over 5.6million loans to 1 million customers 
  • 1.3 million people borrowed from Tala loan app globally
  • Tala has raised a total of 105million from venture capital and investors since inception. 
  • In Tanzania , Tala has crossed the 100000 customer mark

Wednesday, April 18, 2018

Branch Increases Loan Limit To Kes 70000

    April 18, 2018   No comments
Branch loan limit up to kes 70000
Branch ,popular microfinance has announced an increase to its maximum loan limit to ksh 70000 from ksh 50000.

This means long-time borrowers with a good credit score who reached the maximum can get loans up to ksh 70000 up by ksh 20000 from the previous ksh 50000.

Interest rate charged on loans taken from Branch International will still be flexible as per each customer's credit score.

Repayment period for loans ranges between weeks to a year.

Check the branch app here

Monday, April 16, 2018


    April 16, 2018   No comments
Kopacent Salary Advance
@Kopacent Logo

Kopacent is a quick and affordable salary advance microfinance  targeting employees from all economic sectors .

The lender's services can be accessed via online platforms thereby creating no need for office visiting. You just do everything on a computer or mobile phone.

If you have an Android smartphone you can download Kopacent App and access services much quicker.

Important ; There are no hidden costs or registration fees

How to Apply for Kopacent Loan 

  • First you need to create an account through Kopacent App or Kopacent website .
  • Upload the required documents; payslips ,bank statements; ID or Passport ,Cheque or Standing Order
  • Then Kopacent system will do some calculations and come up with your loan limit 
  • Accept the offer and money will be in your Mpesa or bank account in minutes 

How to Repay Kopacent Loan

  • Go to Mpesa 
  • Lipa na Mpesa 
  • Paybill 
  • Enter business number 967906 (this is Kopacent Paybill number )
  • Account number (here enter your ID number)
  • Amount ( here enter the loan amount due)
  • Enter Mpesa PIN 
  • Send 

How to Contact Kopacent 

The lenders team can be reached through the following ways;

  • Email ;
  • Call; 0724539933 or 0733457607 or 0715725325 or 0721845868

Sunday, April 08, 2018


    April 08, 2018   No comments

Kenya Commercial Bank(KCB) is based in Kenya.This bank has a subsidiary  in Uganda that its head office is located in  Commercial plaza, 7th floor plot 7 Kampala Road.

The services that the bank offers include;

  • institutional banking, 
  • commercial banking, 
  • investment banking, 
  • trade banking,
  •  business banking 
  •  personal banking  
  • internet banking.

The KCB bank has customized the following Diaspora solutions to help their clients realize their dreams. This include,

  • Diaspora Mortgage solutions.
  • Diaspora Investment Solutions
  • Insurance Solutions
  • Money Remittance Solutions.

KCB UGANDA Services 

The products that the bank offers are as follow;

  • Personal loans
  • Business Loans
  • Savings, 
  • Investments 
  • Mortgages
  • Credit Cards.
  • Diaspora insurance
  • Emergency 
  • Personal Accident Cover
  • Inbound Travel cover
  • Death and Funeral Cover.

How to Contact KCB UGANDA 

The KCB Bank limited Uganda can be reached through the following contact details,

Contact Center;
Call; +256 200508220

Corporate Banking
Tel: +256 (417) 118200
+256 (417) 118280
Tel: +256 (757 378603

Call; +256 (417) 118232 or +256 (414)345731