Ecoplastile

Company profile

Ecoplastile company profile

Ecoplastile is both a hardware and software company redefining access to affordable housing, insurance and financial inclusion using plastic waste as a resource. Ecoplastile's Wasteinsure is a micro mobile insurance , financial inclusion product using an innovative approach to provide health insurance, payments, and access to credit to small scale businesses and low income populations by providing an option for them to pay for health insurance, pay for bills, aitime, and access credit using recyclable waste as premium. The plastic collected is recycled into highly demanded roofing tiles that redces the cost of building close to 35%, and excess plastic is sold to other recycling companies. Proceeds are used to provide health insurance premiums as payment to the households who opt into the scheme. Users can also opt for cash payments.  This is facilitaed by digital and mobile applications.