By Kizito Makoye
DAR ES SALAAM (IDN) – When Monica Makona failed to obtain the bank loan, she badly needed to grow her business two years ago, she did not lose hope. Armed with her android smartphone, Makona tapped into TALA – a popular lending app she had previously downloaded – and within minutes she received the money.
"It was a very quick process, she told IDN in an interview, adding happily, “I received notification from TALA that 20,000 Tanzanian shillings (10 dollars) had been paid into my Tigo pesa mobile account."