Favrecycle

Favrecycle is a social enterprise with a mission to build a recycling culture to promote a cleaner and healthy neighborhood in our community
  • Sector Social entrepreneurship & Impact, Waste Management Service
  • Country Nigeria
  • Founding date June 2020
  • Stage Users
Refuse disposal is a major environmental problems in Lagos. Health hazard, traffic congestion, unsightliness, blockage of drainages are caused by the lack of efficient waste management practice in Nigeria. We have decided to join the government with the fight to make our community a cleaner.

General

Sector
Social entrepreneurship & Impact, Waste Management Service
Category
Enterprise
Product usage or interact
Mobile/Tablet (Android))

Business

Customer acquisition strategy
Aggressive Marketing
Direct Marketing
Advert and Posters
Social Media Marketing
Revenue model
Creating Customers Value- Marketing - Selling

Market info

Market size
$150,000
Competitors
Competitor name
Competitor website
The Initiates Plc (TIP)

Total early investment
$25,000
Shareholder structure
Owner type
Name
Equity
Elizabeth Orisajobi
Founder
% 50
Michael Olowe
Co-Founder
% 50
Investment round
Angel Investment
Investment amount
$25,000
Equity on offer
% 10.0

Team

Elizabeth Orisajobi  - Nigeria
Michael Olowe  - Nigeria
Total team member
2
Comment
Last update: 20.08.2020