
Tugende
Financing and support to help people own income-generating assets.
Description
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. This platform includes discounts, smartphones, e‑commerce opportunities, and on‑demand credit lines. Starting with motorcycle taxis in Uganda and Kenya, Tugende has financed over 52,000 clients with industry‑leading portfolio quality. Tugende is growing into new geographies and asset product lines including boat engines for fishermen and fridges for retail shops.