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Fashionable Waste
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Fashionable Waste

Financing the growth strategy for a Spanish upcycling brand.
Investment overview
Impact category
green_economy
Investment type
loan
Yearly interest
6
%
Term
60
months
Risk level
The Risk Rating is the result of our credit risk assessment, which looks at the promoter’s financial strength and the project’s viability. It’s shown from A+ (lowest risk) to D (highest risk) and helps you compare projects and make informed decisions.
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https://goparity.com/projects/fashionable-waste-191

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Impact
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Promoter

What will you be financing?

Vaho is a sustainable fashion brand and upcycling veteran from Barcelona, that has dedicated itself for the last 20 years (since 2001) to recovering advertising banners and giving them a second chance as sustainable handbags and accessories.

This is GoParity's first campaign for a Spanish promotor. 

During the Covid-19 pandemic, Vaho was forced to close its selling points and is now resorting solely to online sales. Now, Vaho's intention is to reopen a physical shop and boost production to become more efficient and grow to other European markets. 

To reach these goals, Vaho will need a total investment of 52.000€, of which 20.000€ will be financed through GoParity. This funds to be obtained through this campaign will be used for: 

  • Increasing production; 
  • Expanding installations 
  • Creating additional lines of production in order to be more efficient; 
  • Increasing stock for their B2B clients and for their website; 
  • Adapting their website to be able to sell to top-quality marketplaces around Europe; 
  • Open a physical store in Spain.
  • Set up selling points in several physical shops.  




What is the impact?

Direct:

  • Waste reuse and reduction: to produce 20.000 bags and accessories Vaho uses 186 tons of materials that would go to waste. Since its foundation, the company has upcycled almost 4.000 tons of waste for its products. The materials that are upcycled are banners used for marketing and publicity, coffee packages, or truck and bicycle wheels. Vaho has institutional agreements with multiple museums, municipalities, and fairs, helping them reduce their waste as well.
  • Local, handmade, and low-impact production: all the production processes take place locally in Spain. Local action and engagement are one of the organization’s main focuses. Vaho uses natural substances for the cleaning process (such as vinegar) and the assembly of the pieces is handmade.
  • Jobs creation: through the expected growth of the company, they expect to generate at least 4 new direct jobs in the coming years.

Impact indicators

CO2 avoided per year
clean energy
4
created by our projects
of sustainable
impacted

Contribution to the Sustainable Development Goals

About the Promoter

About Adega Cooperativa Cantanhede

Direct:

  • Waste reuse and reduction: to produce 20.000 bags and accessories Vaho uses 186 tons of materials that would go to waste. Since its foundation, the company has upcycled almost 4.000 tons of waste for its products. The materials that are upcycled are banners used for marketing and publicity, coffee packages, or truck and bicycle wheels. Vaho has institutional agreements with multiple museums, municipalities, and fairs, helping them reduce their waste as well.
  • Local, handmade, and low-impact production: all the production processes take place locally in Spain. Local action and engagement are one of the organization’s main focuses. Vaho uses natural substances for the cleaning process (such as vinegar) and the assembly of the pieces is handmade.
  • Jobs creation: through the expected growth of the company, they expect to generate at least 4 new direct jobs in the coming years.

Promoter website

https://vaho.es/en/

Business Model

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2000000

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