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Mobile Money Lender Suspend Tanzanian Operations

September 26, 2019
1 minute read
Tala stop mobile loans in Tanzania

Mobile lender Tala published a post on its Facebook page informing that the company is not offering loans in Tanzania, without giving any reason for the suspension.

Tala provides consumer credit product to people without a formal credit history, instantly underwriting and then disbursing loans from USD 10 to USD 500 via mobile phone.

The application takes only minutes and money is sent directly to the borrower’s mobile money account or other cash-out options.

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The company operates in India, the Philippines, Mexico, Tanzania, and Kenya.

However, Tala has not decided to permanently close operations in Tanzania.

A statement addressed to the Kenyan market reads “After piloting our credit product in Tanzania, we have paused our lending operations and are undertaking a review of our operations to determine our path forward in the market.”

Want to know more about Finance in Tanzania? Our free overview of the Tanzania Business and Investment Guide 2026 covers Finance, plus key sectors and investment opportunities. The complete 141-page edition includes policies, taxation, key regulations, full macroeconomic data, and sources.

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