Global financial technology company, Tala, has become the latest firm to join the United Nations Global Compact which is the world’s largest corporate sustainability initiative.
The digital lender joins some 24,000 leading global firms, 300 of which are in Kenya that have aligned their business strategies and operations with the Ten Principles of the UN Global Compact in the areas of human rights, labor, environment and anti-corruption.
“First, we are proud to be the first fintech in Kenya to join the UN Global Compact and we commit to continue to strive to democratize access to credit for the global majority , more so for Micro Small and Medium Enterprises (MSMEs) and women, thus building on financial inclusion efforts globally,” said Annstella Mumbi, Tala General Manager.
Global Compact Kenya Executive Director Judy Njino commended Tala for joining the initiative and highlighted the various ways the firm and digital credit sector can contribute to the Sustainable Development Agenda (SDG) by deploying innovative use of technology and data to address systemic barriers to financial inclusion in Kenya and Africa.
“Tala is uniquely positioned to set a benchmark in ethical and responsible business, and I challenge the company to strive to be a force for good by making a difference in the country,” added Njino.
With only 17pc of the SDGs on track with the rest either stalling or regressing, by joining UN Global Compact, Tala targets to contribute to the acceleration of the goals by providing access to credit to the underserved, helping them manage financial risks, build assets, and escape poverty.
