TUGENDE

Tugende is tackling the credit gap for small businesses in Africa by enabling informal entrepreneurs to: 1) own income‑generating assets, 2) build a verifiable digital credit profile, and 3) earn future growth opportunities through the Tugende digital platform. From financing to value-added services to new opportunities, we are building a long-term ecosystem for MSMEs to grow and thrive with us as their partner... Tugende is a for-profit social enterprise formally established in 2012 in Uganda. We use asset finance, technology, and a customer-centric model to help informal sector entrepreneurs (MSMEs) dramatically increase their economic trajectory... 90% of businesses in Africa are MSMEs yet they receive less than 20% of total available credit. Tugende began by filling this credit gap for motorcycle taxis in Uganda, helping these self employed entrepreneurs own instead of rent their key productive assets in 24 months or less.

Primary location: Kampala Uganda