Teresiah
Nairobi, Kenya
100% repaid
Name
Teresiah
Member since
June 2018
On-time repayments
8 installments • 25%
I'm Gikaara Tracey, 23 years old and the founder of Mirror Group-Africa, a company that manufactures roofing tiles from waste plastic. As a 23-year old, I like being the performer than the audience (which explains my manufacturing path). I do not just want to enjoy the world and leave. I want to contribute something, however small. I want to matter. And I want to do it while I still have the vigor, ambition and relentlessness of youth. My personal mission is "to go where no one else has gone, to be a trendsetter and to build world class businesses."
As a recycling company, Mirror group aims to counter the plastic pollution menace that has been a major challenge in Kenya and the world at large(research says there will be more plastic than fish in oceans by 2050), while uplifting standards of living by providing affordable roofing, creating employment opportunities for my fellow youth and growing the economy in general. The rapid growth of the real estate sector makes my business viable. The production equipments are the shredder(for chopping plastics) which is already acquired, the extruder (for melting plastics with sand and the molder (for forming the tiles). The extruder is yet to be acquired since it's the most expensive (USD 10,585) and thus it has stalled the company operations. The total cost of production is approximately USD 50000, including rent and electricity for the business premises. Returns for this business are quite favorable, with prospects of up to USD 10000 per month.
This loan will be channeled towards registering Mirror Group into a limited company.
Positive
2
Neutral
None
Negative
None
Project Type
Classic Loan
Disbursed amount
$15.00
Date disbursed
Feb 5, 2019
Repayment status
On Time
Projected term
2 weeks
Other loans
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David Feb 8, 2019
Liz Feb 7, 2019
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