RISING from the pandemic, more Filipinos are searching for alternative means to make both ends meet for their families. Putting up a business through a loan with adjustable settlement options and lower repayment fees is the best option to do so.
“At Tala, we make earning opportunities more accessible to underestimated people, especially those who are microentrepreneurs, by providing flexible repayment terms that best meet their income cycles and help them fulfill their financial goals,” said Tala Senior Director and Global Customer Experience Operations Iona Iñigo-Mayo.
“We want to give confidence to our customers to manage their finances by fostering a more inclusive environment through our fair, quick, and reliable products and services,” she added.
English as a second language teacher Eds Esguerra could attest to the online lender’s initiative to level the economic playing field in the country by giving the underestimated with secure and affordable access to credit.
To augment her family’s income, she is running her kojic soap business and starting her online kimchi shop at the same time. Always wanting to continue her online soap trade, however, she had no capital to start.
Good thing there’s Tala that she was immediately allocated P1,000 with which she paid the tuition fee of one of her three children. With its flexible credit repayment options, borrowers like her can achieve their ambitions of putting up their own businesses and budgeting their household finances.
The same holds true for Jean Villar. A former grocery store cashier who had to quit her job following an accident that injured her husband, she managed to set up her own junk shop and grow her ice candy and ukay-ukay side businesses to finance their family’s expenditures. Again, with the help of Tala, Villar was able to expand their entities while helping them settle their monthly bills and food expenses.
May Mondejar has turned her passion for cooking to open a thriving small food business. Tala’s efficient approval process, not to mention its dependable and easy-to-use app, allowed her to grow her credit line. It lowers repayment fees for those who settle their credit earlier than their actual repayment date allow consumers like her to not only source basic ingredients for her food entity in the wet market but also to finance her business’ outsourcing delivery services.
The lender is committed to uplift the lives of ordinary people, such as Esguerra, Villar and Mondejar. Iñigo-Mayo shared that the company will continue to maintain its integrity by constantly complying with government and industry regulations and by upholding fair and transparent practices that put customers’ well-being at the top of its priority.
“Tala’s trusted collections standards and transparent pricing ensure our customers of the security of their transactions and their repayment amount with no hidden fees,” she said.
To date, the online loan provider has given more than 40 million in credit totaling more than $4 billion to over 8 million people across three different continents, including the Philippines.