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Tala General Manager, Annstella Mumbi. [File, Stamdard]
For many Kenyan households, the arithmetic no longer adds up as energy prices spike, further eroding their spending power.
Every month, the cost of rent, transport, food, school fees and healthcare continues to rise while incomes remain largely unchanged. Families are working harder and still relying on credit to bridge income gaps and attend to emergencies.
Digital lending has democratised access to credit for everyday Kenyans and forever transformed the credit market. M-shwari, Fuliza, and Tala, among others, have enabled small business owners to restock, parents to pay school fees on time, workers to cover emergency expenses and entrepreneurs to seize opportunities that would otherwise have been out of reach.
