Tala’s licensing status

As many have observed, the Central Bank of Kenya (CBK) released a statement on 19th September 2022 on the deadline for digital lending licence applications in the country. 

While Tala was not named directly, we want to reassure all Tala customers that we submitted our application for the requisite licence in advance of the CBK’s deadline of 17th September 2022. We are currently engaging with the CBK as we wait for our application to be reviewed. 

What this means 

Tala will continue to operate as usual! This means that you can continue borrowing with Tala following on-time repayment. 

This is in full accordance with the provisions of The CBK Amendment Act, 2021 and The CBK (Digital Credit Providers) Regulations, 2022. 

Rest assured you can count on Tala as your trusted financial partner. Please reach out to us if you have any questions at hellokenya@talamobile.com.

FAQs

Is Tala regulated by the Central Bank of Kenya (CBK) as a Digital Credit Provider?

Tala submitted its application for the requisite licence in advance of the CBK’s deadline of 17th September 2022, and we are working with the CBK with regards to our application. In accordance with the provisions of The CBK Amendment Act, 2021 and The CBK (Digital Credit Providers) Regulations, 2022, Tala shall continue to operate as a digital credit provider pending issuance of our licence by the CBK.

Is Tala allowed to operate without a Central Bank of Kenya (CBK) licence?

In accordance with the provisions of The CBK Amendment Act, 2021 and The CBK (Digital Credit Providers) Regulations, 2022, Tala shall continue to operate as a digital credit provider pending issuance of our licence by the CBK.

In light of the CBK press release, if I repay my loan, can I get another loan?

Tala shall continue to serve you as usual as a digital credit provider pending issuance of our licence by the CBK.

What does this mean for my Tala mobile loan?

Tala shall continue to serve you as usual as a digital credit provider pending issuance of our licence by the CBK.