El Dorado brings consumer credit to Latin America

El Dorado is bringing consumer credit to Latin America through its partnership with Tala. Eligible customers in Bolivia can receive and repay stablecoin loans in the El Dorado app on Tempo.

Millions of people in Latin America can’t access credit because they lack the documentation, credit history or collateral banks require. We’re bringing Tala’s loans into El Dorado, starting in Bolivia, with funds paid out and repaid in stablecoins on Tempo.

Guillermo Goncalvez, Co-founder and CEO, El Dorado

The challenge

El Dorado's customers could hold and move digital dollars, but access to credit was still missing. People who earn a living or run a business without formal income records can struggle to qualify for a bank loan. El Dorado wanted to make borrowing part of its wallet experience.

The team had considered collateralized lending. In a conversation with Tala founder and CEO Shivani Siroya, Guillermo Goncalvez explained why it fell short: customers would have to lock up more money than they could borrow. El Dorado wanted to give them additional purchasing power, with credit based on their ability to repay.

Tala brings lending into the app

El Dorado partnered with Tala to bring consumer credit into its app. The product is live for eligible customers in Bolivia, with more Latin American markets planned.

Tala uses behavioral and alternative signals to assess borrowers whose financial activity may not appear in conventional credit records. It handles underwriting, provides the capital, and takes on the credit risk. El Dorado brings the wallet and the relationships it has built with its customers.

El Dorado can add credit to its app without building a lending operation, while Tala can reach borrowers through a service they already use.

Stablecoin loans on Tempo

Eligible customers in Bolivia can access pre-qualified credit offers in the El Dorado app and choose from the available loan amounts and repayment terms, without collateral.

Tala sends USDT directly to the customer's El Dorado wallet on Tempo. Repayments return to Tala on the same network. Both onchain transfers settle in under a second.

With credit on Tempo, customers can receive and repay loans inside the app they already use.

Expanding beyond business payments

The credit partnership extends El Dorado's work with Tempo. In June 2026, the company launched El Dorado Business, combining stablecoin funding, multisig payment approvals, and bank payment options in one account.

Businesses can fund from other chains, consolidate stablecoins on Tempo, and pay suppliers or withdraw through supported banking rails. Tempo settles the onchain leg. Banking and payment providers handle conversion and bank delivery.

Additional funding and withdrawal connections and a broader migration of El Dorado's consumer wallet and P2P activity remain expansion opportunities. Consumer credit now joins business payments on Tempo.