×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download Now

Digital lender mulls new products as cost of living squeezes borrowers

Vocalize Pre-Player Loader

Audio By Vocalize

The majority of those who borrow from Tala spend the money on savings. [iStockphoto]

Digital lender Tala is mulling new products that would cater for the utility needs of borrowers as it revealed the cost of living as the current leading financial challenge for many.

In its Money March Report released on Monday, findings also show a drop in the number of individuals in full-time employment with an almost similar rise in those who are unemployed, on contract, part-time job or in business.

Premium Article

Get Full Access for Ksh299/Week.

Uncover the stories others won't tell. Subscribe now for exclusive access.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
By AFP 3 hrs ago
Business
France says G7 finance talks 'frank, sometimes difficult'
Business
Africa banks on continental trade agreement to rev up investments
Shipping & Logistics
How 300 containers were stolen from Mombasa port
By John Muia 8 hrs ago
Enterprise
800 youth benefit from 'Glam on Wheels' Initiative