Tala today has today launched a Ksh 605Million COVID-19 Rebuild Fund to bolster Kenyan businesses and communities.
Tala plans to grow the fund through additional funding and partnerships. And they will prioritize on helping existing Tala customers as well as Tala businesses that provide essential services to their communities. Eligible customers are invited to apply for the Fund’s first new product. The fund will run for 6 months at 0 per cent fee. Designed to support businesses helping Kenyans recover and rebuild. For instance, Tala customers who run essential businesses like food water, health and medical services or critical household supplies.
“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.”
“By investing in entrepreneurs and small businesses we can multiply our impact. Tala believes 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.