P1000148
Tugende 20logo 20square

Tugende

Tugende helps motorcycle taxi drivers own their motorcycles in 18 months or less instead of renting indefinitely via a fair, transparent, lease to own model.

  • Stage $500K in TTM Revenue
  • Industry Financial Services
  • Location Kampala, Central Region, Uganda
  • Currency USD
  • Founded October 2010
  • Employees 35
  • Website tugendedriven.com

Company Summary

Tugende helps motorcycle taxi drivers own their own motorcycles in eighteen months or less instead of renting indefinitely. Ownership significantly increases income, job security and road safety.

Across Uganda, and many other emerging markets, motorcycles help drive the economy, mitigating traffic jams and bad roads as well as offering hundreds of thousands of jobs for those with little formal education.

Tugende is proving that millions of self-employed entrepreneurs can receive credit to own the equipment they use to provide for their families, even without credit histories, collateral, and in industries considered high risk by traditional lenders, and our vision is to be the leading small asset finance company serving informal sector entrepreneurs.

Team

Previous Investors