Accessing Finance in Kenya

Most women in Kenya work in the agricultural sector and produce most of the agricultural produce in the country. However, when it comes to accessing credit and other forms of agricultural finance, women’s access drops quickly.

Within the non-agricultural sector of the informal economy, women are also very active in informal cross-border trade, where they are involved in a large volume of the goods traded across borders. Similar to those in the agricultural sector, women in informal cross border trade face several huddles in accessing finance.

Public and private institutions in Kenya have identified women’s challenges in accessing finance and have established various programmes to bridge the gap.
angle-left TALA

TALA

About Tala

Tala provides instant credit scoring, lending, and other personalized financial services in Kenya and around the world. The TALA app allows anyone with an android smartphone to apply for a loan and receive an instant decision, regardless of their credit history.
Type of loan provided: Business loan

Loan description 

Mobile loans

Interest rate

A flat service fee for each loan,

A 30 day loan with a service fee as low as 7% and up to 19%.

Also offers a 21 day loan with a service fee as low as 5% and up to 14%.

Collateral

Credit rating

Duration

Repayment schedules may vary and can be up to 90 days.

Repayment terms

You can repay all at once or make partial payments as long as you clear before or by your given due date.

Requirements

  • Have a smartphone
  • Download the Tala app
  • Fill out our quick loan application in the Tala mobile app
  • Verify your identity through our secure system
  • Get the money sent directly to your M-Pesa in an instant
      

 

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50 MAWSP

 

The African Development Bank partners with EAC, COMESA & ECOWAS Regional economic blocks to implement the 50 Million African Women Speak Networking Platform Project.The platform is intended to empower millions of women in Africa to start, grow, and scale up businesses by providing a one-stop shop for their specific information needs. Click on the image for more information

 

50MAWS Project engages East African Financial institutions for more financial inclusion. Click on the photo above for the full story