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Anibal
Anibal is an entrepreneur who has developed a small business that produces and sells fuel-efficient Ecocina cookstoves in Copan Ruinas, Honduras. These stoves eliminate smoke from the home, reduce wood consumption by 50%, and save families time collecting firewood. His E'Copan stove factory employs six people and has sold more than 5,000 stoves in three years. Prior to becoming a 'stover,' Anibal worked in agroforestry and served as vice mayor of the town of Copan Ruinas.

Anibal would like to expand his business throughout Honduras in order to reach more families who are still cooking over dangerous open fires. In order to do this, Anibal is requesting a Kiva loan to create a distribution center in Ocotepeque, Honduras. Anibal's nephew Manuel will be able to order 50 Ecocina stoves on credit from E’Copan, and the Kiva loan will be repaid as soon as the stoves are sold. Manuel and his wife will both be employed, and their business will save lives by increasing the number of families using safe, efficient cookstoves. Eventually Anibal would like to establish eight distribution centers throughout Honduras.

Additional Information

About StoveTeam International:

StoveTeam International is a nonprofit organization that operates out of Mexico and Central America, providing safe, affordable and fuel-efficient stoves to the developing world in hopes of reducing deforestation, carbon emissions and the health issues often associated to open-fire cooking such as burns and respiratory illnesses. By partnering with Kiva, StoveTeam International is able to provide factory owners with the capital needed to expand into surrounding communities, bringing these safe, affordable and fuel-efficient stoves to those who need them most.

StoveTeam International joined Kiva through our Experimental Partnership Program, and has therefore received a lighter level of due diligence. Accordingly, loans associated with this partner carry a higher level of risk than typical Kiva loans.

Tags

About Honduras

  • $4,800
    Average annual income
  • 73
    View loans »
    Honduras Loans Fundraising
  • $8,656,500
    Funds lent in using Kiva
  • 20.5
    Honduras Lempiras (HNL) = $1 USD

Success!! The loan was 100% repaid

A loan of $2,650 helped Anibal to create a distribution center for fuel-efficient cookstoves.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Jan 20, 2014
Listed
Nov 26, 2013
Currency Exchange Loss:
Possible
Ended:
Jan 24, 2015