Tugende helps motorcycle taxi (boda-boda) drivers buy their own motorcycles in 18 months or less through an affordable lease agreement, giving them the means to control their own tools of employment and kick-starting a path to financial independence.
The company started its activity in 2012 in Uganda and is currently expanding to Kenya and Rwanda and analysing the launch of new goods through leasing agreements.
In Uganda, where unemployment rates are high, many young people and adults with little to no education, usually supporting extended families, work as motorcycle taxi drivers (boda-bodas).
Most motorcycle taxi or boda-boda drivers cannot afford a motorcycle, nor access financing from mainstream options to buy one. Instead, they use a large portion of their earnings to rent their motorcycles and their incomes are, therefore, reduced.
Key SDGs supported
Tugende helps boda-boda drivers own an income-generating asset, directly improving their livelihoods and providing a pathway out of poverty by:
Global Social Impact Investments SGIIC SAU is an impact investment funds manager that helps investors achieve positive social and environmental impact together with financial returns.
GSI is part of Santa Comba Gestión SL, a family holding that brings together projects promoting freedom through knowledge.
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