PROPLAST is a leader in plastic recycling in Senegal, established in 1997 by a women’s group of 14 women, that has scaled to 90 female employees. PROPLAST collects waste plastic and recycles it into raw material and furniture/craft items, creating revenue to pay its female employees and hundreds of female partner collectors in the waste value chain. PROPLAST started diversifying into higher-margin finished products and needed investment readiness support from Open Capital to assess the viability of the expansion project as well as identify suitable investors who can help scale the business.
Leveraging the historical financial statements and existing business plan, Open Capital built a 5-year financial model that forecasts the company's growth potential and pinpoints the key constraints and drivers of growth.
Our financial model stressed the need for alternative revenue sources to boost cash flows as well as grants to support growth, enabling us to embark on the second phase, which consists of advising on innovative revenue models and grant opportunities tailored to the company's profile and impact.