Advantages Of Tala’s Jichagulie Due Date Option

Finances are what make a business run. An entrepreneur must be financially prudent from the outset as well as for the continuous smooth running of the business.

Over the past years acquiring this financial freedom has not been easy for most individuals, especially small and medium enterprises.

Most of these SMEs largely depend on commercial banks and other money lending institutions including mobile lending, for Credit facilities.

However, since the onset of covid 19 in the country, the lending institutions have had limited access to credit facilities as the lending institutions seek to conserve capital to withstand the global economic shock.

This dealt a heavy blow on many businesses that have never recovered from these effects till now.

These challenges necessitated a quick response because small and medium enterprises are the backbone of the country. If they are not fully supported then it means we are planning a reduction in revenue and projecting deterioration of the economy as a whole.

Thanks to mobile lending platforms such as Tala that has continued to offer access to services that ensure not only the continuity of your business but also in the most convenient manner.

First launched in Kenya in 2014 and now trusted by more than 6 million customers worldwide, Tala leverages proprietary technologies to provide financial services to people that traditional finance has excluded and underestimated.

It enables responsible borrowing and advances financial literacy through a robust library of educational content, which includes articles related to loans, savings, business, and general expenses.

Tala, Kenya’s leading Fintech lender, understands that you not only need access to credit facilities but also the flexibility that comes with it.

Read More: Tala To Allow Customers To Choose Due Date For Their Loan

Recently, Tala launched a unique credit option that gives customers the freedom to choose a loan repayment date that best matches their income cycle or salary pay date.

This means that Kenyans can now time their due date around their next payday and other financial obligations, making repayment easier, and enjoy lower fees depending on the duration they choose.

This sounds like a whole package. The advantage that comes with this is that you don’t have to worry about the deadline for repayment. You only have to calculate and project when your next payday is and indicate. You select the due date that works best for you up to 61 days.

It couldn’t be much easier for businesses.  You can plan for repayment after you get the projected profit.

Apart from the freedom to choose the due date that works best for your schedule option, tala charges fair, transparent, and as low as 4 percent interest rate on every loan. Furthermore, you will be able to double your limit in only two months.

Read More: Tala Gives Customers The Power To Choose Their Own Loan Due Date