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Tuesday, February 18, 2025
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Tuesday, February 18, 2025

Tala achieves milestone year,disburses P109b loan in PH

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Tala, a global financial technology company, said it provided over 23 million loans and disbursed over P109 billion to its customers in the Philippines, demonstrating the commitment to creating more access to credit.

It also signed a landmark loan channeling partnership worth P2.75 billion with Maya Bank that ensures loans are readily available and financial access to credit is made more accessible through the Tala platform.

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“We consider 2024 as an extraordinary year, filled with accomplishments that reflect our journey as the world’s first platform for the global majority. We want to continue the kind of success we had last year and bring ourselves further this 2025, where we are currently focused on expanding access and exploring more impactful partnerships,” said Moritz Gastl, general manager of Tala Philippines.

Tala Philippines said it actively engaged with the global majority through financial literacy and education initiatives. TALAKayan, a series of workshops conducted in partnership with Empower and Transform and led by financial guru Salve Duplito, aims to empower and educate various groups, including farmers, OFWs women and MSMEs.

The workshops reached over 1,223 Filipinos across Metro Manila nearby provinces and in Singapore.

These milestones in the Philippines underscore Tala’s impact not only on the local financial landscape but also on a global scale.

Tala also sponsored the FintechAlliance.PH Digital Lending Industry 2024 publication launch during the 2024 Singapore Fintech Festival.

This showcased the nature and trends of the digital lending industry in the Philippines and highlighted fintech companies’ positive influence on Filipinos’ lives, it said.

True to the radical trust championed by its founder, Shivani Shiroya, Tala remains steadfast in its dedication in placing trust in the Global Majority to unleash their potential and advance financial inclusion, the company said.

Tala said it is operated by Tala Financing Philippines Inc., a licensed financing company with SEC registration.

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