Tugende
Investment Details
Investor Type
Private Investment Firm
Asset Class Focus
Private Equity, Real Estate, Venture Capital
Stage Focus
Seed, Early Stage, Growth, Late Stage, Buyout, Turnaround, Distressed
Geographical Focus
Kenya, Uganda
Industries Focus
- Financial Services
- Technology
- Healthcare
- Energy
- Real Estate
- Telecommunications
- Media
- Retail
- Education
- Agriculture
- Logistics
- Transportation
- Construction
- Manufacturing
- Tourism
Investment Size:
500,000 to 5,000,000 USD
Investor Details Founded: 2012
Tugende is a for-profit social enterprise established in 2012 in Uganda. The company utilizes asset financing, technology, and a customer-centric model to assist informal sector entrepreneurs, particularly motorcycle taxi drivers, in owning income-generating assets. By providing lease-to-own plans for motorcycles and other business assets, Tugende enables clients to build verifiable digital credit profiles and access future growth opportunities through its digital platform. Operating in Uganda and Kenya, Tugende has financed over 52,000 clients and employs more than 800 full-time staff. The company's mission is to help people help themselves by addressing the credit gap for small businesses in Africa and fostering economic independence among micro-entrepreneurs.
Requirements
- National ID
- Two guarantors
- Active phone number
- Approval from the vetting visit
- Age between 18 and 60
- Minimum 12 months of operating a boda boda
- Minimum 6 months at the current stage
- No previous loan default with Tugende
- Ability to present two eligible guarantors between 23 and 65 years old
Contact
[Official Website Hidden]
[LinkedIn Profile Hidden]
[HQ Location Hidden]
[Email Hidden]
[Contact Number Hidden]
Portfolio Companies
- Tugende Financial Services
Mentioned In
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$10.00
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$24.95
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$19.95
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$9.95
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