TUGENDE LIMITED

Company Profile

Company :TUGENDE LIMITED
City :Kampala
Country :
Uganda
Industries :
Banking, insurance, finance
Services other
Website : https://www.gotugende.com/
Company Description

Tugende is a for-profit social enterprise with its headquarters in Uganda but currently expanding its operations in Rwanda. Our mission is providing finance and support to help the self employed own income generating assets. Our core product is a lease to own model for motorcycle taxi drivers (boda bodas) who own their own motorcycles in 20 months or less with weekly payments similar to what they otherwise pay to rent indefinitely from informal landlords. Ownership significantly increases income, job security and road safety. Tugende currently serves over 6,000 active customers in Uganda through 150+ employees across 7 branches, and 5000 additional leases have already been fully repaid.

With a market for motorcycle taxis of over 800,000 drivers in East Africa alone, Tugende is expanding rapidly in our core product. We are also building a platform with our staff, branches, data, systems, and deep knowledge of earners in the informal sector, which will easily enable us to expand into other asset finance and value added services offerings in the near future.