Inclusive Economy | February 5, 2024

Impaqto Capital backs Sinba’s recycling services in Peru

Jessica Pothering
ImpactAlpha Editor

Jessica Pothering

ImpactAlpha, February 5 – Sinba provides recycling services for 1,500 residential customers and 70 companies, including Starbucks, Nestle and Coca-Cola. Its services help offset Peru’s more than 30,000 tons of daily solid waste and curb more than 310 tons of carbon emissions monthly.

The company estimates that 80% of Peru’s solid waste is reusable.

Impaqto Capital supported Sinba with $100,000 in revenue-based financing. The impact investment firm writes checks of between $50,000 to $200,000 to early-growth stage social enterprises in Ecuador, Peru, Chile and Colombia.

Economic mobility

Sinba partners with grassroots organizations like the San Martín de Porres Association to give Peru’s informal waste collectors a pathway to formal work. Most recycling in Peru and other emerging economies depends on individuals who pick reusable materials out of the trash. Recycling, says Sinba’s Andrea Rivera, “is an act of love.” She wants to shift society’s perception of informal trash pickers to one of “empathy and gratitude.”