StoveTeam Blog

26 Nov

New Partnership with Microfinance Group Kiva

StoveTeam is pleased to announce a new partnership with Kiva, one of the leading microfinance organizations in the world. Kiva’s innovative model connects individual lenders with entrepreneurs throughout the world, and allows lenders to follow the borrowers through Kiva’s website as they build their business and repay their loan. 

StoveTeam's first loan is with E’Copan factory owners Anibal and Rossana, who seek to create an Ecocina cookstove distribution center to reach more customers in Honduras. With a Kiva loan, they will be able to create a distribution center in the department of Ocotepeque with their nephew Manuel. Manuel and his wife will receive 50 cookstoves on credit and they will repay the loan to E'Copan as they sell the stoves. This loan will not only boost sales for E'Copan but it will provide Manuel and his wife with employment and provide clean cookstoves to many more families in Honduras.

To participate in lending Anibal and Rossana money for their Kiva loan, click here