Tugende

Financing and support to help people own income-generating assets.

Sector(s)
Financial Services; ; Other
Countries Impacted
Kenya, Uganda
Cumulative Impact
341330
Women's Economic Power
Yes
Established
2010
Program Year(s)
2017, 2021, 2018, 2020
Operating Status
Operating
Headquarters
Plot 57 Ntinda II Rd, Kampala, Uganda
decent work and economic growth
no poverty
zero hunger
good health and well-being
gender equality
industry, innovation, and infrastructure
reduced inequalities
sustainable cities and communities
climate action

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.