Mobile lending app Tala has announced it would be shutting down its operations in Tanzania.
The company, in a statement issued on Tuesday, September 17, announced it would not be offering its services in Tanzania anymore.
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. pic.twitter.com/EHLJFYZe2i
— Tala Tanzania (@TalaTanzania) September 6, 2019
Reason on why it had taken such a decision was not given.
Individuals who have arrears with the company have, however, been urged to make payments as the paybill number is still available.
Beside Kenya, the lending company is also in operation in Mexico, India and Philippines.