How to get a loan from Tala


Tala, formerly Mkopo Rahisi, is a product of Inventure which was founded by Shivani Siroya who is also the current CEO. The service gives loans of upto Ksh. 50,000.

Tala App
Tala App

To get a loan from the service, all you have to do is to download the Tala app on an Android phone you own. Only one Tala account can be associated with any Android phone. Afterwards you need to create an account and answers a few questions that will determine whether you can qualify for a loan or not. The service does further risk analysis by checking your M-Pesa transaction history.

If you qualify to get the loan, you can choose to repay in two installments within a month or the full amount at the end of the month. Once your loan has been approved it is sent to your number via M-PESA. Loan repayments are also done via M-PESA (Paybill number 851900).

One you repay a loan on time, your loan limit increases. There are three loan tiers on Tala:

  • Bronze: Ksh. 500 – Ksh. 4,999
  • Silver – Ksh. 5,000 – Ksh. 9,999
  • Gold – Ksh. 10,000 – Ksh. 50,000

The Tala interest rate is between 11% & 15%.

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