Plastic recycling

Emmanuel

Accra, Ghana

100% repaid

Entrepreneur

Name

Emmanuel

Member since

January 2020

On-time repayments

90 installments  •  41%

About Me

My early life has been around an environment full of life and green. My father was a public servant who still loved his farming activities on a piece of land where he had his quarters. He grew everything we ate and used the waste which came out of his backyard farm and left over food for something very important which is linked to his hobby. I then learned from that stage what it means to see value in everything around us including what most people will term as waste. I developed an interest in wanting to see my environment as clean as possible from any kind of waste.
As my parents were interested in me doing the sciences which will end me as medical practitioner, I was so much interested in effective management of resources for the good of everyone around me. I started with business courses in the Senior High and eventually Bsc Business Administration in the university.
I learnt entrepreneurship along the way and I am an entrepreneur who sees opportunities in my environment and takes advantage of them. I have passion for clean and pollution free environment. I love nature and I believe that there is nothing called waste here on mother earth.
Ghana the country in which I leave has potential opportunities and for both citizens and the entire continent of Africa but the the poor management of resources has landed the country in abject poverty. My dream is contribute to the clean Ghana campaign which has been started for sometime so that my children can grow up in country in which they believe and are proud of.
I love to sit at the beautiful coasts of Ghana whiles I enjoy the beauty of nature at my free time.

My Business

I currently work with a government agency in Ghana called NIA (National Identification Authority). That is currently my main source of income. However, I have worked in plastic waste management as my own initiative in 2016 and I was making between ghc 800 - ghc 1,000 in week by just buying plastic waste from house holds and selling them to recycling plants. This was profitable until there was a huge flood in June 3, 2016 which wiped me out of business.
My business model is to create concrete blocks, pavement bricks and roofing tiles from plastic and sand using the plastic wastes collected from my business collaborators.
Collaborators are motivated with some amounts of monies, house hold items and educational materials for their wards as a form of compensation to keep our relationship.

Loan Proposal

As a continuing business, gradually expanding my territory means that I have increase my operational activities. One major way of expanding is to increase my inventory. It is even more crucial because in these times since most household members are locked inside their homes. This means that the per person plastic waste disposal in homes are going to really increase. I will therefore buy more waste from my collaborators than before increasing my inventory target, hence my profitability.

Income Source

Waste collection and disposal business is marked as an essential service here in Ghana. This is because the inefficient waste disposal has cost the country a lot, leading to perennial flooding especially in the capital. First of all, my business is allowed to work during this pandemic era. However, there are compulsory standard precautionary measures that everyone working or coming into contact with other people must adhere to. I have therefore decided to get more PPE for myself and the two other gentlemen I work with. Once we have this in place, we are good to work and earn money by continually picking our plastic waste from our various collaborators.

Feedback

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Loan Info

Project Type

Classic Loan

Disbursed amount

$341.00

Date disbursed

Apr 30, 2020

Repayment status

On Time

Projected term

3 months

Lenders

V

Vivek

Arlington, VA, United States

Paul Buchheit

Mountain View, United States

J

Netherlands

Sayuri

United Kingdom

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Summary

Amount repaid

$341.77

Amount remaining

$0.00

Date repaid

Jun 26, 2020

Status

Fully repaid

Repayment History

Expected Payments Actual Payments
May 8, 2020 $28.59 May 7, 2020 $28.59
May 15, 2020 $28.59 May 27, 2020 $28.59
May 22, 2020 $28.59 May 27, 2020 $28.59
May 29, 2020 $28.59 Jun 9, 2020 $28.59
Jun 5, 2020 $28.59 Jun 9, 2020 $28.59
Jun 12, 2020 $4.64 Jun 14, 2020 $4.64
Jun 19, 2020 $28.59 Jun 21, 2020 $28.59
Jun 26, 2020 $28.59 Jun 21, 2020 $23.95
Jun 26, 2020 $4.64
Jul 3, 2020 $28.59 Jun 26, 2020 $28.59
Jul 10, 2020 $28.59 Jun 26, 2020 $28.59
Jul 17, 2020 $28.59 Jun 26, 2020 $28.59
Jul 24, 2020 $28.59 Jun 26, 2020 $28.59
Jul 31, 2020 $22.65 Jun 26, 2020 $22.65

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