Digital Lender, Tala has announced lans to provide a KSh1 million grant to support Micro, Small and Medium Enterprises (MSMEs) that have been adversely affected by the global coronavirus pandemic.
Tala Managing Director Ivan Mbowa said the fund will ensure MSMEs get back on their feet after facing unprecedented income loss, high cost of doing business and uncertainties about their future due to disruptions from the pandemic.
The funds will be used to offer business skills training in addition to the grant funding to small and medium enterprises that will be part of the grant program.
The program, which will be opened to qualifying MSMEs, will be launched in October and is part of the COVID-19 Rebuild Fund Initiative launched last year that saw the lender offer 0% interest loans to over 180 businesses offering essential services.
Tala has attracted over 27 million customers globally and has operations in Kenya, India, Mexico, and the Philippines.
See Also:
