Tugende is a for-profit social enterprise that helps motorcycle taxi drivers in Uganda own their motorcycles via a fair, transparent lease-to-own model. Compared to renting indefinitely, ownership doubles income, increases job security, and helps drivers support their families and plan for their financial futures.
Across Uganda and many other emerging markets, motorcycles help drive the economy mitigating traffic jams and bad roads, while 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.
Tugende means “let’s go," which both signifies our mission and is the actual phrase used when climbing on a motorcycle taxi. Tugende has grown more than 6x in the last 18 months, has been recognized as a 2012 Unreasonable Fellow, a 2014 Echoing Green Global Fellow, and has appeared in the Economist, VC4Africa, and elsewhere. Learn more about our history and mission here and here.