Total loan: $30,000
San Antonio Aguas Calientes, Sacatepéquez Department, Guatemala / Retail
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A loan helped to provide life-changing clean cookstoves to rural populations in Guatemala.
Estufas Chispa's story
This loan may have higher risk but higher impact. Learn more here. Problem Approximately 70% of Guatemalans rely on wood as their primary cooking fuel. The use of inefficient and unhealthy, smoky cookstoves remains one of the biggest threats to the health & welfare of both Guatemala's families & its environment. Solution Estufas Chispa is a Guatemalan social enterprise that specializes in the design and development of improved biomass cooking technology. Chispa creates affordable, environmentally sustainable cooking technologies that address needs of vulnerable populations by improving indoor air quality and combustion efficiency for 2.3 million poor families that use unsustainable, expensive cooking fuels. Chispa's unique product design process engages users directly to develop cookstoves that meet their exact needs. Loan Use Estufas Chispa’s first loan was a massive success and helped them grow 300% and produce 2,400 stoves in one year. So far this year they have confirmed orders from the United Nations, international NGOs, end users and local NGOs working with families affected by the recent eruption of Volcan de Fuego. They hope to continue last year’s success and build 7,000 cookstoves this year which will impact approximately 35,000 people and provide employment for 8 more people. This loan will provide working capital to purchase the material needed to meet these orders.