TALA, a digital lender that offers quick loan services to consumers and small business (SB) owners, has appointed its new general manager (GM), Donald Evangelista, whose experience in data-driven innovation, business strategy and digital transformation will help realize the company’s mission of bringing financial freedom and inclusivity to more Filipinos, specifically the underbanked.
For over seven years of operating in Kenya, India, Mexico and the Philippines, the company has provided loans to more than 6 million people worldwide with over $2.7 billion in credit. Individual borrowers and even small-scale enterprises that have access to an android phone can avail of its fast and affordable microcredit offerings sans the burden of significant and unattainable repayment terms.
Tala’s trailblazing use of alternative data, which recognizes the creditworthiness of a borrower has led to a 90 percent plus global repayment rate.
The global fintech platform’s 95 percent repeat customer rate is a show of trust of customers who value their relationship beyond the first loan.
With his expertise in data science, customer intelligence, information management, and big data, Evangelista possesses the right knowledge to tap and expand Tala’s clients, particularly the 1.8-million Filipino individual and enterprise borrowers who have been using its accessible, safe, and flexible financing services.
As its GM, he revealed the firm’s future plans for expansion that includes leveraging on blockchain and crypto to provide the backbone of their infrastructure that can further elevate their mission of financial inclusion.
“We foresee this as an enabler for Tala to provide more financial services to our existing customers at lower fees with higher returns for them. We’re taking the expertise we’ve built through the years to offer more products and services to more underbanked customers in our current and future markets,” he said.
Likewise, he takes on the responsibility to fulfill their mission to empower the financially underserved using proprietary technologies and machine learning algorithms that promote responsible borrowing while avoiding over-indebtedness by enabling financial literacy.
“Tala is revolutionizing the lending space by putting more power in the customer’s hands, while building a holistic financial ecosystem for the underserved communities,” Evangelista stressed.