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Tala and other startups are flooding Kenya with apps offering high-interest loans

In Opinion The average person wastes 21.8 hours every week. That's equal to a part-time job or running five whole marathons, Tala Schlossberg says.

Kenyans are finding that with financial inclusion, comes financial risk. Here's how microfinancing apps like Tala have trapped millions of Kenyans in cycles of debt and default. Read more via @BW :

Tala and other startups are flooding Kenya with apps offering high-interest loans

Tala and other startups are flooding Kenya with apps offering high-interest loans. Are they empowering the poor or profiting from desperation?

Kenyans are learning that with financial inclusion, comes financial risk. Here's how microfinancing apps like Tala have trapped millions of Kenyans in cycles of debt and default. Read more via @BW :

Tala and other startups are flooding Kenya with apps offering high-interest loans

Kenyans are learning that with the financial inclusion from technology, comes financial risk. Here's how microfinancing apps like Tala have trapped millions of Kenyans in cycles of debt and default. Read more via @BW :

Tala and other startups are flooding Kenya with apps offering high-interest loans. Are they empowering the poor or profiting from desperation?

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Not even the K-pop boy band is spared from the phenomenon of "Tala"! Watch their performance here:

WATCH: Sarah Geronimo in an electrifying 'Tala' performance here at the Coke Music Festival. Sarah G will be part of Coke Studio Season 3.

Sarah G’s ‘Tala’ enters Billboard world digital chart

LOOK: Volunteers from Manila District Fire and Rescue saved not just residents but also dogs in Agoncillo town. They are planning to name the dogs, Taal, Agoncillo and Tala. | via @nicowaje 

WATCH: Sarah Geronimo in an electrifying 'Tala' performance at the Coke Music Festival. Sarah G will be part of Coke Studio Season 3. | via @mjfelipe 

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