Tugende 10
With EUR 300,000 Tugende can provide up to 300 new clients with a lease-to-own package (including insurance, safety gear, permit). Instead of a loan, clients receive the product directly: a boda boda (motortaxi), agricultural equipment or assets for their retail shop.
€300,000
5.50%
24 mesecev
6 mesecev
EUR
ValutaZnesek | €300,000 |
Obresti | 5.50% |
Zrelost | 24 mesecev |
Odplačila | 6 mesecev |
Valuta | EUR |
Projekt
Loan (not notes)
In this case, you will not acquire notes in an issuing entity, but you will provide a loan. While loans and notes both constitute financial instruments there are a few legal differences between the two instruments namely:
- Loans are signed both parties (ie the Borrower and the Lender/Investor);
- The contractual terms of a loan are more comprehensive than that of a note;
- Loans impose obligations on Lenders/Investors and
- Loans cannot be traded amongst Lenders/Investors.
We recently visited Tugende in Uganda. Read more about our visit and their activities here.
Summary
Tugende is a for-profit social enterprise formally established in 2010 in Uganda. They use asset finance, technology, and a customer-centric model to help informal sector entrepreneurs dramatically increase their economic trajectory.
Tugende is tackling the credit gap for small business in Africa by enabling informal entrepreneurs to:
1) own income generating assets
2) build a verifiable digital credit profile with Tugende based on real world earnings, and
3) earn future growth opportunities through the Tugende digital platform including discounts, smartphones, e-commerce opportunities, and on-demand credit lines.
Starting with motorcycle taxis in Uganda and Kenya, Tugende has served over 52,000 clients on their path to ownership and increased earnings while maintaining industry leading portfolio quality. In addition to continuing to grow its core products, Tugende is growing into new geographies and asset product lines including boat engines for fishermen and fridges for retail shops.
Use of Proceeds / Loan purpose
With EUR 300,000 new partner Tugende can provide up to 300 new clients with a so called lease-to-own package (including life and medical insurance, high quality safety gear, government permits). Instead of a loan, clients receive the product directly: a boda boda, agricultural equipment or assets for retail shops. Each EUR 1,000 helps put a self-employed entrepreneur on the path to job stability, higher take home income, and a verifiable credit history they can use to keep growing.
Tugende’s standard asset finance term is 24 months. Customers pay about 10% as an initial installment and then make payments daily to weekly through 100% digital channels. Tugende’s hands on branch teams and digitally enhanced support ensure clients progress and assist with bumps in the road. Further support is provided by the included medical, asset and life insurance as well as safety equipment. Each client also has 2 guarantors who are a strong part of the Tugende ecosystem, helping ensure timely success. With increased job stability, higher income and the value of a fully owned asset, successful Tugende clients grow their businesses further and create an average of 2.5 new jobs in their community.
Mission
Tugende’s mission is to help people help themselves. The company began by helping motorcycle taxi “boda boda” drivers in Uganda own their own motorcycle instead of renting indefinitely from an informal landlord. Ownership increases job stability and raises daily take home income for the average driver from $5/day to $10/day.
Highlights or Awards
● 2012 Unreasonable Fellow
● 2014 Echoing Green Global Fellow
● 2015 MIT Zambezi Prize for top 3 Inclusive Finance Companies in Africa
● 2016 GSBI Fellow
● Numerous media - Guardian, BBC, Economist, Reuters, How We Made it in Africa,
● USD 19M+ assets transferred to new owners
Ime podjetja | Tugende |
GENERALNI DIREKTOR | Michael Wilkerson |
Ustanovljeno | 2010-10-26 |
Lokacija | Kampala |
Sektor | Trgovina na debelo/maloprodaja |
Obrat | €7,000,000 |
Zaposleni | 750 |
Učinek
Mali podjetniki na razvijajočih se trgih se na poti h gospodarski rasti pogosto znajdejo v začaranem krogu, ki je povezan s pomanjkanjem finančnih sredstev. Lastništvo proizvoda, ki ustvarja dohodek za njihovo gospodarsko dejavnost, je lahko težko doseči, saj bančna posojila pogosto ne pridejo v poštev zaradi potrebe po zavarovanju in formalnih poslovnih evidencah. Zato podjetniki najemajo prostore pri najemodajalcih in porabijo velik del svojega dnevnega dohodka za vzdrževanje svojih gospodarskih dejavnosti.
Tugende'model zakupa v last ponuja preprosto rešitev za taksiste na motornih kolesih in podjetnike v drugih sektorjih v Ugandi. Njihov zakupni paket omogoča podjetnikom, da si v 24 mesecih ali manj lastijo sredstvo, ki ustvarja dohodek.
TugendeGlavni proizvodi podjetja so majhna motorna kolesa za taksiste, bolj znana kot boda-boda. Poleg najema strankam pomagajo pridobiti vozniško dovoljenje, jim zagotovijo življenjsko in zdravstveno zavarovanje, od njih zahtevajo, da se udeležijo tečaja prve pomoči, in od njih zahtevajo, da nosijo čelado. Prevozništvo boda-boda je v zadnjih letih zaslovelo in je postalo drugi največji zaposlovalec mladih po vsej Ugandi, takoj za kmetijstvom. Vozila na bencin, kot so motorji boda-boda, so še vedno edino prevozno sredstvo v Ugandi.
Model podjetja spodbuja odplačevanje, saj se lastništvo sredstev na koncu prenese na podjetnika. Za začetek morajo stranke na spletni strani Tugende položiti 10 % celotnega zneska najema. Najem v last omogoča voznikom avtotaksijev, da podvojijo svoj dnevni dohodek in na koncu izboljšajo svoje ekonomske razmere.
Podjetnikom, ki jim nudijo storitve, ponujajo tudi druge produkte, ki ustvarjajo dohodek. Na primer motorje za čolne za ribiče, hladilnike za lastnike malih trgovin in rezervoarje za vodo. Doslej so oskrbeli že več kot 30.000 strank in še naprej uvajajo inovacije, da bi še več ljudem pomagali prevzeti nadzor nad svojo prihodnostjo.
Ključni dosedanji kazalniki učinka:
● Več kot 20 000 zaključenih zakupov/ omogočenih lastnikov
● 26 000+ aktivnih strank
● 245.000+ izboljšanih življenj
Glede na ankete strank uspešne stranke Tugende v povprečju ustvarijo 2,5 novih delovnih mest na premoženje v lasti, povprečna velikost gospodinjstva pa je 5 oseb. To pomeni, da je skupno število gospodinjstev, ki so deležna financiranja in podpore Tugende, zdaj več kot 250 000.
Tugende je bil za svoj družbeni učinek priznan s številnimi nagradami in s strani vodilnih vlagateljev z vplivom, kot so Partech, Mobility 54, Global Partnerships, Blue Earth Capital, Yunus Social Business, Oikocredit, Symbioitics, Echoing Green in drugi.
OZR vplivali
S tem projektom prispevate k naslednjim ciljem trajnostnega razvoja:
OZR 1 - Brez revščine
OZR 8 - dostojno delo in gospodarska rast
Več o vplivu, ki ga lahko dosežete z našo platformo in spletno stranjo OZR, si preberite na naši strani o vplivu.
Sorodne objave na blogu
- S to naložbo je bilo ustvarjenih 25 delovnih mest.
- S to naložbo se izboljšajo življenja 1500