Mobile loans lender Tala has closed its operations in Tanzania without divulging further details. In a statement on its Social media platforms, the company said it will no longer offering loans in Tanzania. Those servicing loans can continue to repay though.
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“We regret to inform you that Tala is no longer offering loans in Tanzania. We appreciate the opportunity to serve you, and wish our loyal customers continued success in your financial journeys. You can use the following paybill number to pay outstanding balances,” reads a brief note from Tala.
The Company did not however give reasons for the haste decision. But it is expected that they will give a full presser later this week. Apart from Tanzania, Tala operates in Kenya, India and Mexico; among other countries.
