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2015-06 June Newsletter

StoveTeam receives National Energy Globe Award for work in Honduras

StoveTeam and Honduran partner E’Copan were recognized with the National Energy Globe Award for helping combat deforestation and overconsumption of firewood in Honduras. More than half the population of Honduras uses wood for cooking, a factor that, over the last quarter century, has led to the disappearance of greater than a third of Honduras’ forests. The E’Copan factory began in 2010 with a grant from Copan Ruinas and Eugene Southtowne Rotary Clubs, and with support from StoveTeam International. Since 2010, E’Copan has sold approximately 6,000 cookstoves.

The Energy Globe Award is supported by the United Nations Educational, Scientific, and Cultural Organization (UNESCO) and done in cooperation with the United Nations Environment Program (UNEP). “As one of only 177 winners out of 1,500 applicants, we are thrilled to receive this prestigious award,” said program director, Katie Laughlin, “and are honored to be recognized among the many worthwhile entities working to advance sustainable solutions to global environmental challenges.” StoveTeam and E’Copan will be evaluated automatically for the Energy Globe World Award.

Learn more about the Energy Globe Award.


Social business investment achieves a high rate of return

Foundations and individual donors alike are looking more and more to social entrepreneurs to solve the world’s social problems by investing in innovative approaches with potential for large-scale impact. StoveTeam International couldn’t agree more with this approach – our model illustrates that achieving a high return on an initial social business investment is indeed possible.

Since 2008, StoveTeam-sponsored businesses have produced and sold more than 50,000 clean-burning and fuel-efficient stoves in five countries in Latin America, impacting 373,000 men, women, and children. If the total combined investment of $750,000 to start these businesses had been used simply to buy stoves at an average cost of $55 per stove, StoveTeam would have distributed far fewer stoves – approximately 36,000 fewer.

StoveTeam’s promotion of the local production of life saving stoves through sustainable, independently owned and operated social businesses extends beyond the stoves produced and the families served. We impact a community from the ground up by stimulating local economic growth, providing jobs, and supporting local services, while simultaneously producing a product that benefits health and protects the environment.

In addition to helping secure start-up capital we help build entrepreneurial capacity through training in business planning, production, marketing, sales, and financial management.

With five existing stove factories in operation and three new ones in development, entrepreneurial capacity building is critical to ensuring these businesses start off on the right foot and stay there.

You can help build the capacity of entrepreneurs in El Salvador, Guatemala, Honduras, Mexico and Nicaragua by making a donation today.

For more information on our developing projects or to learn more about how you can support StoveTeam contact Katie Laughlin at 541-554-4638 or via email.

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