Manufacturing roofing tiles using waste plastic

Teresiah

Nairobi, Kenya

100% repaid

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How it Works

Entrepreneur

Name

Teresiah

Member since

June 2018

On-time repayments

8 installments • 25%

About Me

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."

My Business

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.

Loan Proposal

This loan will be channeled towards registering Mirror Group into a limited company.

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David Feb 8, 2019

Loan was paid off with a single payment the same day it was disbursed. Good luck with your unique venture.

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Liz Feb 7, 2019

Thank you for your timely repayments Teresiah. Best of luck in your business.

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Loan Info

Project Type

Classic Loan

Disbursed amount

$15.00

Date disbursed

Feb 5, 2019

Repayment status

On Time

Projected term

2 weeks

Other loans

Lenders

Liz

Nowra, Australia

David

Canada

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Teresiah Feb 5, 2019

Dear Lenders,

Due to your support, I'm getting closer to fully registering my company and being fully operational. With your continued help, I'll be able to achieve my dreams. Thank you.

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David Feb 2, 2019

I am fascinated and excited by your end goals. I trust you have a source of income while you save for some very expensive machinery.

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Teresiah Feb 2, 2019

Dear Lenders,

With your help, I was able to do a name search for KES 100 and name registration for KES 1500, in readiness for my company's registration. Many thanks for lending your hands to me and I look forward to growing with you.

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David Walshe Jul 9, 2018

Good Luck with the project Teresiah

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Teresiah Gikaara likes this.
- Teresiah Jul 9, 2018
  
  Thank you David. Much appreciated.
  
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