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Shivani Siroya is the founder and chief executive officer of Tala, a smartphone lending app. She founded the app [1] in 2011 to offer instant credit scores to people in underrepresented markets such as Kenya, Tanzania, India, and the Philippines. [2] [3] The app also acts as a lender and has granted more than $225M [4] in microloans as of 2018. [5]
By 2015, it said it had powered 150,000 households in Kenya, Uganda, and Tanzania, with around 10,000 mobile payments made by users on its cloud platform, M-Kopanet, made on a daily basis. [1] It had over $40 million of revenue by 2015. [11] [12] In 2015, M-Kopa estimated that 80 percent of its customers lived on less than $2 a day. [13]
The Uganda Registration Services Bureau (URSB) is a semi-autonomous government agency, established by Act of Parliament in 1998 in Uganda.URSB is responsible for civil registrations (including marriages and divorces but not including births, adoptions, or deaths), business registrations (setups and liquidations), registration of patents and intellectual property rights, insolvency and ...
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4. PayActiv: Best for Short-term Loans. PayActiv is more than just an app that lets you borrow money. In fact, it also allows users to pay their bills and get discounts on certain department store ...
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The Uganda Microfinance Regulatory Authority (UMRA) is a government agency responsible for the licensing, supervision and regulation of Tier-4 micro finance institutions, money lenders, savings cooperatives and any money-lending institution with capital of less than USh500 million (US$140,000).