Wednesday, July 15, 2020

Tala says Rebuild Fund helped Borrowers get more Income

    July 15, 2020   No comments

Tala

Tala has reported that the newly launched Rebuild Fund has already made a positive impact as intended to the borrowers.

Rebuild Fund is Tala's longterm loan facility which is charged 0 percent interest rate repayable after 6 months.

According to Tala, the initial beneficiaries have reported earning increased incomes from their businesses despite COVID-19 still ravaging the world economy.

Through a blog post, the digital lender said up to 62 percent of borrowers reported an increase in earnings from their businesses.

The Rebuild Fund helped entrepreneurs grow their income. 62% reported earning higher incomes after receiving their Community Support loan. The majority were also able to serve more customers. Zero businesses in Kenya closed after receiving a Community Support Loan. 
Due to this special loan facility that the lender granted to some individuals doing supporting businesses in their communities, none of the loan beneficiaries closed their businesses.

Advertisements

Mwabaya Katana

About Mwabaya Katana

Mwabaya Katana is a Finance Online Researcher and Writer.He is the founder of 'Loans Kenya' Blog.

Previous
Next Post
No comments:
Write comments