Boda Boda Archives

Tugende in a Precarious Situation with its Investor, Goldfinch, After Breaching Terms of its Loan Agreement.

Jonathan N. LubwamaStartups The Big StoryAugust 11, 2023August 11, 2023

Tugende, Uganda’s pioneering boda boda financing startup, has found itself in a precarious situation with its investor, Goldfinch. The startup, which holds the distinction of being Uganda’s most funded startup…

Valuable insights into credit financing to the informal sector as told by a man who has leased out 30,000 motorcycles, boat engines, cars, tractors and fridges to people previously thought to be too poor to afford them

Muhereza KyamuteteraCompany News Finance Industry & Analysis Q + As The Big StoryNovember 23, 2022November 23, 2022

From the look of things- it appears the pandemic set the business back a couple of years- how would you describe the path to recovery? It is fair to say…

COVID-19: Asset financing firm Tugende cushions clients with over UGX575 million in cash grants; suspends late repayment penalties for 2 months

Muhereza KyamuteteraFinance The Big StoryApril 17, 2020April 17, 2020

In one of a kind move, Tugende, a Ugandan social enterprise that provides asset financing to informal sector entrepreneurs and MSMEs, has suspended, for two months, penalties on late repayments…

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