Ecoplastile, Uganda
Franc is a Multi Passionate Serial & Social Entrepreneur, with a vision to have a Sustainable & Green Africa. Franc is winner YSI Global Solutions for COVID-19 2020; EarthTech Challenge 2020; TEF Awards 2020; SEED Low Carbon Awards, and Climate Launchpad Uganda 2019 .Franc is a Fellow, Halcyon Incubator Fellowship,Washington DC 2020; YALI East Africa; Grow Movement; Autumn School for Sustainable Entrepreneurship Accra Ghana; and AfriTech XYZ Accelerator Program, London UK. He is a Social Innovation Scholar, speaker and participant at the Global grand finals, Climate Launchpad, The World Green Business Competition in Amsterdam, The Netherlands; African Regional Circular Economy Pitches. Franc has also been named winner of the InsurTech 2020, Ignite Africa Challenge, Rwanda, and a finalist Inventures Canada. Franc have been featured on National newspapers like New Vision, Nile post, Business Day, SEED Newsletter, Future, and Disrupt Africa for my pioneering contributions in circular economy in Africa.
Every year more than 9 million tones of plastic garbage end up in our oceans causing threat to marine life, and by the year 2050 there could be more plastics than fish in the ocean, Plastic pollution doesn’t just hurt marine species. It’s also harmful to people. Solid waste management is one of the environmental problems that most cities are struggling to manage.
On the other hand, Deforestation is a problem, 2015 report by UNEP estimated that Earth’s total forest area continues to decrease at about 13 million hectares per year mainly for construction. But we realized that If only we could produce an alternative product to timber that was strong and environmentally sustainable, we could definitely profit from the profitable timber market while helping to save forests and preventing plastic waste and packaging materials ending into oceans while providing affordable building materials & improve access to health facilities.
According to UNEP report 2017, more than 9 million tons of post-consumer waste plastics ends up oceans every year causing serious danger to marine life and if nothing is done now, by 2050, there will be more plastics than fish in oceans.
On the other hand, Uganda’s forest reserves are fast depleting; the growing demand for timber Used in building and construction is putting a lot of pressure on the country’s forests (Uganda loses between 380,000 to 500,000 hectares of forests every year). Intensive logging over the years has reduced the country’s forest areas to less than 7% of the entire land mass, and many tree species are now on the endangered species list. If nothing is done quickly, Uganda would suffer irreparable environmental damages.
We realized that if only we could produce an alternative product to timber that was stronger, low cost and eco-friendly, we could definitely profit from the profitable timber market, thus reduce plastic waste pollution, create green jobs especially for the marginalized communities and increase access to medical and education services through our “WasteInsure” that allows slum dwellers to exchange plastics for medical services while helping to save Uganda’s forest and further mitigate climate change.
We have developed a chemical free and energy conserving plastic extrusion technology called “Waxy ӀӀ technology” to recycle and transform post-consumer plastic garbage and packaging materials into durable and long lasting plastic timbers, Plastic timbers are affordable alternative to wood timbers, hence reduces the need for building material manufactured from wood, helping to preserve forests, cut down on deforestation and further mitigation of climate change. The plastic timbers which are ideal.
Our technology is environmental friendly, that uses natural profiled waxy ( from the bees) inversion in the plastic extrusion process set at different temperatures, the technology helps plastic materials of different polymers reach their melting point quickly while retaining their original stability and strength, hence low energy consumption resulting to low production costs, enabling production of plastic timber which are 32% less compared to price of wood timber, the technology converts more than 12 different types of plastics and packaging materials, producing durable, long lasting, termite resistant plastic timbers used in building and construction estimated to last more than 60 years without replacement whether used in sunny areas, marine or in water applications. We are simply the pioneer of chemical free and energy conserving plastic extrusion technology in Africa.
We work with youth and women in slum areas of Kampala. These are areas
that historically have been neglected by authorities on issues such as
sanitation, education and health care. These areas have little economic
activity leading to high unemployment. Life is generally desperate with people leaving on less than $2/day.
About half are recent arrivals from the rural areas looking for better
opportunities in the city. Most residents are youth (<35 years old).
Many are married with children who are less than 5 years old.
Being aware of their plight, we are able to engage members of our
community in a way that uplifts their livelihoods socially and
economically on the plastic waste value chain
- Elevating opportunities for all people, especially those who are traditionally left behind
EcoPlastile has launched, “WasteInsure” which is a micro health insurance program which uses garbage as a financial resource. With this program, the community and uninsured poor slum dwellers are able to pay for health cover, drugs and other clinical services by using plastic garbage as payment to an insurance scheme.
This, in turn improves their access to medical treatment and the quality of public health program with respect to promotive, preventive, curative and rehabilitative wellbeing mainly targeting slum children below 5 years
While improving healthcare access and sanitation, we aim to reduce high child mortality rate in slums.
Living and experiencing the worst in slums, I passionately embarked on a journey to use my skills to develop and employ innovative solutions in tackling the waste and environmental crisis facing Uganda. My first attempt was developing a plant based water bottle and coffee cups, this was successful and but realized I was not having enough investment to compete with other big Chinese companies which were producing a similar solution on large scale. I thus settled on plastic collection and recycling into plastic timbers and building hardware that substitute wooden timbers. And EcoPlastile was launched on 14th April 2018
Since then, EcoPlastile have developed a chemical free, and energy conserving plastic extrusion technology called “Waxy ӀӀ technology” The technology solves both issues, it uses natural substance – natural profiled waxy (from the bees) which are inverted during the extrusion process set at different temperature, helping plastic materials of different polymers reach their melting point quickly while retaining their original stability and strength, hence low energy consumption resulting to low production costs. The technology converts more than 12 different types of plastics (previously unrecycled ) and packaging materials into plastic timbers and other building hardware
Growing up in a slum community in Kampala, I witnessed dire consequences of poor waste disposal with waste plastic littering on our streets, clogging sewers with worst being when, I contracted cholera and had only 10% chances for survival. Sadly, I lost a mentor due to floods!
With the zeal to make a difference, I passionately embarked on a journey to use my skills to develop and employ innovative solutions in tackling the waste and environmental crisis facing Uganda. This was inspired by the German experience where their waste industry employs 250,000+ individuals, from garbage collectors to scientists, and generates revenues of 50 billion Euros annually. My first attempt was developing a plant based water bottle and coffee cups, this was successful and but realized I was not having enough investment to compete with other big Chinese companies which were producing a similar solution on large scale. I thus settled on plastic collection and recycling into plastic timbers and building hardware that substitute wooden timbers. And EcoPlastile was launched on 14th April 2018
Since then, EcoPlastile have developed a chemical free, and energy conserving plastic extrusion technology called “Waxy ӀӀ technology”
We have a complementary team comprised of business leaders, innovators, investors, passionate social entrepreneurs, expert engineers, seasoned researchers, the sales team and a technical board of advisor. The team has undergone over 5 business development programs in form of accelerations and incubation, has won several awards both nationally and internationally.
Franc Kamugyisha – Founder &Chief Executive Officer (CEO).
He oversees the overall operations of the company from production, quality assurance to sells and marketing, strategic management, Public and Investor relations, and is the accounting officer for EcoPlastile Ltd. He is a Global E4IMPACT MBA (in Social Entrepreneurship) at the ALTIS,
Fabio Huther, Chief Engineering Officer & Research and Development. Fabio Huther is a renowned social entrepreneur based in Switzerland, with over 7 years in social entrepreneurship. He is a strategic business partner and his role is finding strategic partners, Research and Development, and sustainability lead.
Advisory Board
Raees Chowdhury: Chairman Advisory Board, EcoPlastile. Investor at Revolt Ventures, Previously at The Boston Consulting Group, Founder & CEO of Outfitology & DiagKnows, MPhil Economics graduate from the University of Oxford, has over 10 years of Impact Investment. raeeschowdhury@gmail.com.
Eng. Jane Perkins Hastings, United Kingdom, Technical Advisor: Jane has a Bachelor of Engineering (First Class Honors) - The Open University, UK, Diploma in Environment and Development - The Open University, UK, Bachelor of Arts, Modern Languages (French/German) - University of Oxford, UK. Expert in Production Improvement Engineer in manufacturing since 2012.
COVID-19 tested me: Due to the outbreak of COVID-19, most countries went into total lockdown, Uganda was not spared. This meant all businesses, EcoPlastile inclusive, closing operations in compliance with the government Regulations and the World Health Organization. But on the other hand, we realized that the world was in a shortage of supply of personal protective equipment especially masks and face shields, and environmentalists were warning how single use masks were affecting biodiversity and marine life.
We retooled part of EcoPlastile to produce reusable, washable and biodegradable anti-viral facemasks and face shields out of waste for especially frontline workers. We have as of today manufactured 50,000 reusable masks and 10,000 face shields. We donate the shield for free to government frontline workers and sell at $2 to private companies. Because of this response, we have been able to increase the number of people from underserved communities to 20 women (tailors), who work on the personal protective equipment line of production at EcoPlastile.
Hilling from Uganda, Franc is the Founder and CEO EcoPlastile (Waste2Build) Project a social enterprise that addresses the problem of plastic waste pollution, chronic youth unemployment, chronic poverty, health problems caused by dirty floors, deforestation and climate change by collecting and recycling plastic wastes into alternatives to wooden timbers and building hardware, Franc has successfully led this startup for now close to a year and the future of EcoPlastile under his leadership is very promising .Prior to founding EcoPlastile , Franc Co-founded ISDNET Uganda a non-profit organization on a sole mission to end violence in Ugandan schools and building a sustainable world peace, Co-founded Lavender Mosquito Repellant Products a startup that seeks envisions a malaria free Africa and produces mosquito repellant soap and cream made from organic herbs farmed by local youth and women, Franc served as the Founding Director of Estates, Works and Facilities at Ibanda University, a position he has held for over 4 years and has served on different boards as chairman for NYASA Uganda, President Trekkers Club Ibanda, Guild Speaker, Ibanda University among other community roles. The biggest challenge has been raising financial resources, building the right team, and measuring impact of the project.
- For-profit, including B-Corp or similar models
N/A
Our technology “Waxy 2 Technology” is an environmental friendly plastic extrusion technology that uses profiled waxy innovation in the extrusion process set at different temperatures, the technology helps plastic materials of different polymers reach their melting point quickly while retaining their original stability, helping to use less energy which lowers production costs, enabling production of plastic lumbers which are 32% less compared to price of timber, the technology converts more than 12 different types of plastics and packaging materials, producing durable, long lasting, termite resistant plastic lumbers used in building and construction estimated to last more than 40 years without replacement whether used in sunny areas, marine or in water applications.
In addition to providing a solid waste management solution for developing countries, we provide an alternative to timber thus saving our forests and further mitigate climate change. The posts are 6 to 10 ft in length, circular, 2 – 4 inches diameter, or square, 2 – 4 inches cross-section. They do not rot, are termite resistant, outlast timber in application and can be cut, drilled and nailed as easily as timber. The posts are suitable for fencing on farms, homes, national parks, game reserves and commercial premises such as cattle ranches and tourist resorts. They can also be used as support beams for houses, assembled to make furniture, cow sheds and garages among other applications, just to help the building and construction industry to stop dependency on wood. The tiles are suitable for roofing and consumes less timber!
We work with youth and women in slum areas of Kampala. These are areas
that historically have been neglected by authorities on issues such as
sanitation, education and health care. These areas have little economic
activity leading to high unemployment. Life is generally desperate.
About half are recent arrivals from the rural areas looking for better
opportunities in the city. Most residents are youth (<35 years old).
Many are married with children who are less than 5 years old.
Being aware of their plight, we are able to engage members of our
community in a way that uplifts their livelihoods socially and
economically. We have set up 3 plastic collection yards in Kitezi and
Bwaise (nearby slum areas). We have set up our plant in the same
area.
Initiatives addressing the same issue include:
(1) A government ban on plastics in June 2007 which quickly proved
impractical and unsustainable due to no viable alternatives for
consumers.
(2) There are numerous non-profits in Uganda’s waste industry which
quickly cease to exist once donor funding ends
These initiatives have proved to be unsustainable. Our project
permanently withdraws an item which is considered to be a waste and
converts into a useful product which is highly on demand. This way we
provide sanitation to slum areas where blocked drainage & sewers due
to plastic is common, we employ locals in plastic waste collection
where they earn US$ 5.75/day, we pay those employed in our plant at 1.3
times the average national wage.
Being a for-profit social enterprise, we are economically sustainable
through sales of posts. The market loves the plastic alternatives
because they do not rot, are not effected by termites hence last longer,
and are easy to work with as they can be cut, drilled and nailed just
like timber
EcoPlastile has launched, “WasteInsure” which is a micro health insurance program which uses garbage as a financial resource. With this program, the community and uninsured poor slum dwellers are able to pay for health cover, drugs and other clinical services by using plastic garbage as payment to an insurance scheme.
- Women & Girls
- Pregnant Women
- Children & Adolescents
- Rural
- Peri-Urban
- Urban
- Poor
- Low-Income
- Persons with Disabilities
- 1. No Poverty
- 3. Good Health and Well-Being
- 8. Decent Work and Economic Growth
- 9. Industry, Innovation, and Infrastructure
- 11. Sustainable Cities and Communities
- 12. Responsible Consumption and Production
- 13. Climate Action
- 14. Life Below Water
- 15. Life on Land
- Uganda
- Kenya
- Nigeria
- Rwanda
- South Africa
We have launched WasteInsure- a micro Waste Medical Insurance program for low income household who use waste plastics as a form of financial resource for medical services with 100 households currently. Our plan is to recruit 100,000+ slum dwellers on this scheme in the next 3 years, this will enable reliable access to healthcare without having to worry about cost.
Green Jobs: So far EcoPlastile has created 50 permanent and 100 part time jobs (collection and sorting of waste), as well as empowered and educated 1,000 individuals in the City of Kampala.
In the next 3 years, we will create over 10,000 jobs on the plastic value chain directly and indirectly.
Social- Economic goals
We have launched EcoPlastile Health- a micro “WasteInsure” program for low income household to use waste plastics as a form of financial resource for medical services with 100 households. Our plan is to recruit 10,000+ slum dwellers on this scheme in the next year, and over 100,000 in 5 years, this will enable reliable access to healthcare without having to worry about cost.
Create over 100 direct and over 10,000 indirect jobs on the plastic value chain, from waste collectors, packer’s scientists and marketers in 3 years and 5 years respectively.
To expand sales and marketing efforts countrywide. We are confident that we can sell 85% of all that we produce in Uganda with the remaining 15% catering for the regional markets in Kenya, Rwanda and Nigeria.
Environmental goals;
Our Plan is for coming 1 year to withdraw over 1 million tons of plastic from the environment and use them to manufacture plastic lumber and save an estimated 450 acres of forest (based on calculations by the Canadian Forestry Association) and reduce deforestation for timber.In 5 years, we will withdraw over 10 million tones of plastic waste,and save over 1000 acres of forest land in 5 years
Plastic recycling also saves 2.5 kg CO2/kg plastic hence we will prevent 4,500,000 kg of CO2 emissions which would have been released by burning plastics in open air, further mitigating climate change in 1 year, and 10,000,000 kgs of CO2 in 5 years.
Funding is our biggest challenge. We are currently seeking US$ 300,000 to acquire high capacity equipment for post manufacture. We hope to secure a bank loan from one of the local banks many of whom are likely to turn us down. This is because of lack of collateral.
Using stockists is the best way to penetrate the market. However, since ours is a new product stockists will not automatically agree to stock them. Many won’t agree to market the posts on our behalf. Most won’t pay upfront which will affect our cash flow.
Unavailable of enough waste for production. Our capital city produces 3,800 metric tons of waste everyday of which 40% percent is plastic waste, meaning there will always be enough raw materials for production of plastic poles, because we cannot consume even 20 percent of what is available at the moment.
Lack of market for our products: We currently have more than potential 32 clients who are buying our products this includes government projects, construction companies and the national game reserves. However we plan to export to nearby countries like Uganda and Rwanda of which we are negotiating to get the agents.
Skills in plastic extrusion technology are in short supply. Actually
there are only 3 such experts in Kampala who serve some 50+ companies in
the plastic manufacturing industry.
To counter the challenge of Financing, we intend to go for asset financing and have identified NIC bank (www.nic-bank.com)
as the best provider. In this case, they bank will finance the
equipment and retain their ownership until we clear the loan. Regarding
being a high risk start-up we intend to provide the financiers with all
research we have on the viability of our venture as part of their due
diligence.
Acquiring raw material will present new logistical challenges. Our
consumption after expansion will be 150 tonnes per month. For this we
intend to work with even more groups. We intend to build the capacity of
existing and new groups by assisting them to obtain funding for
equipment and facilities with the guarantee that we will purchase all
that they collect. We are also looking to begin sourcing from material
from outside Kampala
To mitigate the challenge of skills, we intend to have very good relations with all of them so that we can gain they loyalty.Good, timely pay will also be key to ensure we have access to
their services.
Competition from Timber: Unlike timber plastic lumber, do not rot
or absorb water and is highly resistant to insect damage, making it
perfect also for marine and other water applications, It also eliminates
the need to treat the lumber, unlike treated wood, which uses toxic
chemicals to impart the same qualities that plastic naturally has.
Technical Partners:
Uganda Industrial Research Institute: - www.uiri.co.ug – Advises us on plant and equipment in addition to the latest technology.
Makerere University: - Department of Engineering- product design, research and development.
Financial Partners:
Tony Elumelu Foundation: EcoPlastile is a beneficially of the TEF program with a non-equity seed fund of $5000,
SEED Initiative: Seed funding from the SEED Awards 2019 of £ 10,000 both in kind and cash prize. www.seed.uno .
Climate Launch Pad: Received funding from climate Launchpad worth $5,000 in and to validate our project
UNDP Accelerator Lab: Solutions for Rapid Deforestation and Degradation in Uganda”, December 2019. EcoPlastile was selected for funding from United Nations Development Program, between $50,000 to $250,000 grant to scale this model by the end of 2020.
Business Development Partners:
Grow Movement -is a non-governmental organization that supported us with mentorship and business development services.
Waste Collection Groups and Customers- for EcoPlastile to continue making an impact and provided a needed solution in the market, we have classified our customers and beneficiaries as our key stakeholders.
Our major purchase of plastic are from 2 youth groups; - Kamyokya waste crew (located in Kampala), Young Waste warriors and 2 women groups all located in Kampala slums.
Government - the Ugandan government and its agencies, is our key stakeholder, we are in talks with government to allocate us space for the establishment of waste hubs, and land for expansion of our project.
EcoPlastile works with marginalized youths and women to collect, sort and process waste plastics into durable plastic lumbers and other building hardware. EcoPlastile sources its scrap plastic from 5 youth or women groups across major slums in Kampala who collect plastic wastes and sell to us per kilo. We use a chemical free and energy conserving technology to transform plastic garbage into timbers used for building, furniture making and roofing tiles.
EcoPlastile has launched, “WasteInsure” which is a micro health insurance program which uses garbage as a financial resource. With this program, the community and uninsured poor slum dwellers are able to pay for health cover, drugs and other clinical services by using plastic garbage as payment to an insurance scheme. This offers the community an incentive to start an organized waste management and waste entrepreneurship system from household level so as to benefit from continual health insurance, alternative waste management solutions, reduced dependency on wooden timbers .
While improving healthcare access and sanitation, we aim to reduce high child mortality rate in slums by 35% and reduce by 65% deaths among expectant women caused by home-based deliveries and post-natal bleeding.
EcoPlastile generates revenue from sale of fencing poles, lumbers, tiles and plastic flakes, this makes 90% of the total revenues and 10% from other sources.
Ecoplastile uses the revenue to acquire better machines, scale up, creating more carbon emission savings, generating green jobs especially for the marginalized youth and women and reducing the effect of climate change.
During the concept period in 2018 – June 2019, all funding was provided by family. This was the period when we began doing research on various opportunities within the waste industry to exploit.
In 2009 we received US$ 12,000 grant from the Tony Elumelu Foundation, SEED Initiative, and The Green Innovation Fund, which we used to carry out a very intensive and detailed feasibility of the idea. We also used the funds to set up a mini-manufacturing facility for pilot manufacturing and sales operations.
We have since used the grants and are now 100% dependent on sales of posts for our financing. From the history of the past few month, we are currently economically sustainable. Month on month gross profit is 45%, while month on month net profitability is 10 - 15%.
We have identified three funding alternatives in this order; revenues, grants,
equity and debt. EarthTech Ventures, an Australian based venture firm
has promised investment of up $5000,000 to enable us expand to other
African countries by the year 2025.
WasteInsure is exclusively financed through the sale of plastic waste collected by members.We earn $8 per member after sale of plastic waste on a monthly basis. 50% of the funds from sales is converted into a health
fund to pay for our members monthly 2 clinics cover that we have
guaranteed them.We spend 30% of these fund to pay for our operational
costs and salaries fr staff and retain 20% as savings and growth fund.We
shall seek impact investment
During the concept period in 2018 – June 2019, all funding was provided
by family. This was the period when we began doing research on various
opportunities within the waste industry to exploit. We have raised funds in form of grants, prizes and in-kind contribution from environmental conscious organizations.
Tony Elumelu Foundation: EcoPlastile is a beneficially of the TEF program with a non-equity seed fund of $5000,
SEED Initiative: Seed funding from the SEED Awards 2019 of £ 10,000 both in kind and cash prize. www.seed.uno . SEED still provides key advisory services and PR.
Climate Launch Pad: Received funding from climate Launchpad worth $5,000 in and to validate our project
EarthTech Ventures: Received funding worth $12,000 from EarthTech ventures and will receive further investment of up to 5000,000 for an equity of 10% invested by 2025.
UNDP Accelerator Lab: Solutions for Rapid Deforestation and Degradation in Uganda”, December 2019. EcoPlastile was selected for funding from UNDP, between $50,000 to $250,000 grant to scale this model by the end of 2020.
Revenue from sales: We generated $100,000 in total sales from plastic lumbers, roofing tiles and other services offered by Ecoplastile.
Government through the Ministry of Science, Innovation and Technology allocated land in its industrial park for 3 years worth $100,000 as an in-kind contribution.
Funding is our biggest challenge. We are currently seeking US$ 300,000
to acquire high capacity equipment for post manufacture and invest in WasteInsure. We hope to secure a bank loan from one of the local banks many of whom are likely to turn us down. This is firstly because we are a start-up and hence a very high risk business and secondly because we do not have any collateral/security such as land etc of equivalent value. To counter
this we intend to go for asset financing and have identified NIC bank (www.nic-bank.com) as the best provider. In this case, they bank will finance the equipment and retain their ownership until we clear the loan. Regarding
being a high risk start-up we intend to provide the financiers with all
research we have on the viability of our venture as part of their due
diligence.
After successfully completing pilot scale studies, we are looking for $300,000 in funds for effective scale up. The grant will be used for;
1) Machinery and Instruments (Extruder and Molding machines) at US$ 100,000. We’ve identified a possible supplier from the Netherlands called Murman Plastic Machinery (www.plasticmachinery.nl/)
2) Recycling facility expansion at US$ 30,000. We will need to expand our warehouse to house our bigger machines, extend 3 phase power to the facility, set up a plastic washing space and stores.
3) Truck/ Transport for delivery of products to hardware stores at US$ 20,000. We will procure a delivery truck and brand it EcoPlastile, specifically for distributing our products to the major hardware stores in and around Kampala.
4) Operations (buying plastic waste, utilities, Remuneration, wages, marketing, etc taxes and other charges) at US$ 100,000. We will efficiently buy raw materials, invest in cost effective and innovative marketing activities like cleanups, coordinate partnerships with local health centers who will provide medical insurance services to our beneficiaries and pay other operational expenses as they may occur.
5) Establishment of 10 waste collection hubs in 10 major slums in Kampala at US $ 50,000. These collection centers will ease our work of sourcing for plastic plus agricultural waste for post manufacture.
I aspire to grow EcoPlastile into Africa's leading manufacturer of plastic poles, lumbers and building hardware from post-consumer waste plastics while improving access to medical services and thus I would love to learn from other participants and mentors’ journey, their stories, their success, their failures, their experiences, and their mistakes. I will love to receive feedback about my start up and grow from the feedback received. I will also love to build a strong network beyond the Elevate Prize that will bring in new opportunities for my startup.
On top of the list, we are looking for funding of $300,000 to finance high capacity machines for effective scaling.
- Funding and revenue model
- Mentorship and/or coaching
- Legal or regulatory matters
- Marketing, media, and exposure
Funding is our biggest challenge. We are currently seeking US$ 300,000
to acquire high capacity equipment for post manufacture. We hope to
secure a bank loan from one of the local banks many of whom are likely
to turn us down. This is firstly because we are a start-up and hence a
very high risk business and secondly because we do not have any
collateral/security such as land etc of equivalent value. To counter
this we intend to go for asset financing and have identified NIC bank (www.nic-bank.com)as the best provider. In this case, they bank will finance the equipment and retain their ownership until we clear the loan. Regarding
being a high risk start-up we intend to provide the financiers with all
research we have on the viability of our venture as part of their due
diligence.
1. https://www.fullcircleplastics (Full Circle Plastics)
We would love to partner with them for skills transfer and learning their latest technologies.
2. Habitat for Humanity. This construct homes using green technologies. So we specifically need them as our clients for our various construction products
3. UNICEF- Building schools and furniture for schools especially in Africa, we would need to work out a partnership to provide durable and low cost furniture solutions made out our recycled plastic waste
4. Amref Health Africa- We would love to partner with them to support our micro waste medical insurance scheme.
5. Coca cola- We would love to supply them part of our plastics (especially bottles) which are unable to recycle due to our capacity. They would buy these flakes as raw materials for their products.
Google- As we upgrade our technology to be a tech enabled company helping people, planet while making profits would love to partner with google to enable our technology.
6. NIC bank (www.nic-bank.com)as the best provider of asset financing. In this case, they bank will finance the equipment and retain their ownership until we clear the loan.
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Founder & CEO