Defining the News
Great strides have been made in terms of increasing financial inclusion globally in the last decade according to The World Bank. However, four billion people or 52 percent of the world’s population primarily located in emerging markets still don’t have access to savings, credit, bill payment tools, and/or the ability to transfer money. They are part of theDigital lending platform, Tala, is committed to enabling better financial inclusion among the Global Majority.
In the Financial Health Survey it conducted in 2023, Tala found that all respondents regardless of demographic or history with the company had a Tala Financial Health Score of 3.8 in a Likert scale of 5, indicating a moderately healthy customer base. May Mondejar, a long-time Tala customer, shared how she was able to grow her business with the help of Tala’s financial services.
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