Tala – Karma https://karmaimpact.com Advancing people, planet and profit. Thu, 19 Mar 2020 21:04:58 +0000 en-US hourly 1 https://wordpress.org/?v=5.3.2 Dark Side of Microloans: Poor Kenyans Defaulting Under Sky-High Rates, Report Says /dark-side-of-microloans-poor-kenyans-defaulting-under-sky-high-rates-report-says/ /dark-side-of-microloans-poor-kenyans-defaulting-under-sky-high-rates-report-says/#respond Thu, 13 Feb 2020 23:12:16 +0000 /?p=14894 The dark side of making microloans to the poor is on display in Kenya, where small borrowers are defaulting on loans from Tala, a U.S. fintech firm that claims to lift customers with a dream out of poverty, Bloomberg Businessweek reported. Tala makes loans of $10 to $500 using a smartphone app that instantly offers […]

The post Dark Side of Microloans: Poor Kenyans Defaulting Under Sky-High Rates, Report Says appeared first on Karma.

]]> /dark-side-of-microloans-poor-kenyans-defaulting-under-sky-high-rates-report-says/feed/ 0 PayPal-Backed Microlender Tala Raises $110 Million to Expand Reach, Products /paypal-backed-microlender-tala-raises-110-million-to-expand-reach-products/ /paypal-backed-microlender-tala-raises-110-million-to-expand-reach-products/#respond Thu, 22 Aug 2019 19:32:30 +0000 /?p=11541 Microlender Tala, whose phone app-based system has enabled $1 billion in small loans around the world, raised $110 million from a group of venture capital firms that will help it expand in India, hire workers in its markets and introduce products. PayPal is again among investors backing Los Angeles-based Tala, which has loaned $1 billion […]

The post PayPal-Backed Microlender Tala Raises $110 Million to Expand Reach, Products appeared first on Karma.

]]> /paypal-backed-microlender-tala-raises-110-million-to-expand-reach-products/feed/ 0