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Digital lender Tala dishes out Sh300b in loans to Kenyans

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Annestella Mumbi, Tala Kenya General Manager. [Courtesy]

Digital microlender Tala has provided Sh300 billion in credit to 3.5 million customers in Kenya over the past decade, underscoring the competitive threat posed to commercial banks by the mobile lending model.

The Nairobi-based firm, which also operates in Mexico, the Philippines and India, said on Friday it will use a fresh capital injection to expand access to cheaper loans and launch new products.

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