ENVIROFIT INTERNATIONAL, INC.
Status: Completed investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Envirofit is a global social enterprise that uses a market-based approach to create access to affordable, efficient, clean cooking technologies for household and commercial use. Envirofit is a leading player in the manufacturing and distribution of clean cookstoves globally. So far the company has sold more than one million cookstoves in over 45 countries through extensive local distribution networks.
What is our funding objective?
This Capacity Development project comprises a study to scientifically measure the long term health impact of large scale cookstove interventions in Honduras.
Why do we fund this investment?
Every year 4,3 million people die worldwide from indoor air pollution because of traditional cooking this is more than because of HIV, malaria and tuberculosis combined. This study aims to demonstrate the positive health impacts of using a clean cookstove, allowing for more efficient and cleaner cooking solutions. The study serves both, Envirofit in its product development and sales opportunities, as well as the clean cookstove sector in general.
More investments
| Date | Total FMO financing |
|---|---|
| 10/4/2018 | USD 1.50 MLN |
| 8/31/2016 | USD 1.50 MLN |
- Website customer/investment
- http://www.enfirofit.org
- Region
- Latin America & The Caribbean
- Country
- Honduras
- Sector
- Energy
- Effective date
- 11/9/2016
- End date
- 5/2/2019
- Total FMO financing
- EUR 0.10 MLN
- Funding
- ForeignAffairs - CD
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B