Tala (microfinance organization)

Tala is a microfinance organization that provides financial services, primarily through mobile technology, to underserved individuals and small business owners. Founded in 2011, it aims to enable people in developing countries to access credit easily and build their financial health. Customers can apply for loans using their smartphones, which use alternative data to assess creditworthiness, enabling faster approvals. Tala's mission is to empower users with financial tools and support, promoting entrepreneurship and improving economic stability in communities where traditional banking services may be limited or unavailable.