• EDITORIAL POLICY
  • ABOUT US
Saturday, April 17, 2021
PML Daily
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines
No Result
View All Result
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines
No Result
View All Result
PML Daily
No Result
View All Result
Home NEWS

COVID-19 CRISIS: Social enterprise startup Tugende extends financial package to its clients amid Covid-19 lockdown

NELSON MANDELA | PML Daily Reporter by NELSON MANDELA | PML Daily Reporter
April 17, 2020
in NEWS
0 0
392
SHARES
1.8k
VIEWS
FacebookWhatsAppTwitter
simbatelecom simbatelecom simbatelecom
Michael Wilkerson, CEO Tugende, a social enterprise that provides asset financing (PHOTO/File).

KAMPALA – All clients of Tugende will receive a one-time unconditional cash transfer of UGX25,000 / KES 700 that is being disbursed out to all of its 23,000+ active clients in both Uganda and Kenya.

Michael Wilkerson, CEO Tugende says the support aims at helping the Tugende community overcome the economic hardships they are facing as a result of the coronavirus pandemic.

Tugende is a social enterprise that provides asset financing to informal sector entrepreneurs and MSMEs.

Wilkerson said that the package also includes a 2-month suspension of all penalties till May 25th, along with full-time support from Tugende’s over 460 staff, who are actively working from home.

“Tugende exists to help informal sector entrepreneurs grow, thrive and own their future. With the COVID-19 pandemic, we know that our clients are struggling to take care of their families. When they suffer, we suffer too. This support is to let our clients know that we are together with them and together we shall pull through,” he said.

“Tugende is itself facing dire challenges. However, we are committed to being with our clients during the best and worst of times and we want to help our clients, their communities and our employees in Uganda and Kenya during this difficult period,” he added.

Wilkerson further stated that Tugende would continue to look for more ways to help their clients during this period.

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. As a result, Tugende has empowered customers unable to access formal credit and has financed over 30,000 customers in Uganda and Kenya.

Tugende was formally established in 2012 in Uganda and is a technology-enabled asset financier of income-generating assets for proven entrepreneurs, using a lease-to-own product to offer an affordable path to ownership of these assets.
ABOUT TUGENDE

Tugende is a for-profit social enterprise established in 2012 in Uganda that uses asset finance, technology, and a customer-centric model to help informal sector entrepreneurs dramatically increase their economic trajectory.

Tugende is now operational in Uganda and Kenya, with a strong workforce of 460+ staff across 17 branches. Tugende’s core product is a rent-to-own/hire purchase package to help responsible motorcycle taxi drivers (boda bodas) own instead of rent, doubling their take home earnings. Tugende’s package includes training, value added services like life and medical insurance, active customer support, high quality safety equipment, driving permit support, and new opportunities after ownership.

Comments

Tags: CEO TugendecoronavirusMichael Wilkersontop

Related Posts

Footage posted on the Bobi Wine's Facebook account showed dozens of military officers wearing helmets and carrying guns and batons surrounding the presidential candidate's hotel recently (PHOTO/Courtesy)
NEWS

Uganda elections neither free nor fair, says US Secretary of State

April 17, 2021
178
UCC Executive Director Eng. Irene Kaggwa Ssewankambo (PHOTO/Courtesy)
NEWS

UCC resumes discussion to switch-off fake phones

April 17, 2021
57
Society

Gay couple fighting Namibian government over surrogate-born twins

April 17, 2021
47
Heavy armed military men have sealed off Bobi Wine Hotel in Hoima (PHOTO/Courtesy).
NEWS

US government announces sanctions against Ugandan officials responsible for poll violence

April 16, 2021
194
French President Emmanuel Macron (PHOTO/File).
World

Notre Dame cathedral to reopen in 2024 – Macron

April 16, 2021
81
Hussein Abdelbagi Akol, Vice President for service cluster and chair of the country's national task force (PHOTO/Courtesy).
Regional

South Sudan lifts COVID-19 restrictions amid fall in infections

April 16, 2021
54

Advertisement






 

 

About

The PML Daily, published via www.pmldaily.com is a publication of Post Media Ltd, a professional Digital/New Media company in Uganda.

Follow us

KIU

  • EDITORIAL POLICY
  • ABOUT US

© 2021 PMLDAILY.COM.

No Result
View All Result
  • Home
  • NEWS
    • Politics
    • Education
    • Regional
    • Africa
    • World
  • INVESTIGATIONS
    • National Archives
    • Special Reports
  • OpEd
  • BUSINESS
    • Agriculture
    • Tech
    • Finance
  • FEATURES
    • Health
    • Tours & Travel
    • Entertainment
    • Society
  • COLUMNISTS
    • The Suited Penguin
  • SPORT
  • Jobs
  • Magazines

© 2021 PMLDAILY.COM.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In