Got banking

Amylene Dingle lived with her husband and daughter in an impoverished part of Manila, the Phillippines. She had little going for her: no job, no savings, no credit history. But then she saw an ad on Facebook which changed her life.

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Today she has a business that brings in $70 weekly profit. They have moved to a cleaner, quieter neighborhood. This story is about the company that got her going.

It's called Tala. It started in California in 2011 with the goal of providing banking services to people all over the globe who have no bank. Amylene responded to their ad and gave Tala access to her phone, Tala analyzed data they could access through her phone, and they gave her a small loan. She bought sandwiches with the money and re-sold them.

Today Tala has 4 million customers like Amylene in five countries: Kenya, the Phillippines, Tanzania, Mexico, and India.

(cont'd tomorrow)