Giving plastic waste a value through a social impact business model.
ReForm aims to transform the plastic waste challenges in Vietnam through a scalable social franchise model by collecting low-grade plastics and processing them directly into valuable, usable and tradable products.
REFORM aims to reduce plastics pollution and use waste to create jobs, businesses, products, and a local circular economy. We leverage existing solid waste infrastructure and technology to transform the collected plastics into new tested, viable and marketable products. REFORM uses a decentralized social-franchise model to implement programming in collection centers and equip them with machinery that will enable waste-pickers to process their daily yield of recovered plastic waste into tradable base or finished products. Social franchising integrates the funding as well as the product offtake into the service package to reduce the initial financial entrance barrier and mitigate the risk through a guaranteed product purchase agreement.