Eco-Group Limited Eco Stoves and Volcanic Rocks in Uganda by Eco -group

Eco Group Ltd is a one stop household energy solution company in Uganda specialised in the manufacture of clean and efficient cook-stoves and fuels branded as Eco-Stove.Eco Stove uses solar system and local manufactured volcanic rocks for cooking solution thereby utmost efficiency and effectiveness in cooking.

Fundraising

This venture has not initiated a round of financing on this platform. If they choose to, the summary of the fundraising round will appear to registered investors here.

Idea

We are already working in <abbr title="Base of the Pyramid">BoP</abbr> markets and want to improve our current offering.

We have an elevator pitch. We are already working in BoP markets and want to improve our current offering.

Team

Our founder has the business savvy and persistence to turn ideas into a company.

We have a business network and can get introduced to the right people.

We can build the product. Given the time and money, we can deliver on our promises.

Our founder has the business savvy and persistence to turn ideas into a company. We have a business network and can get introduced to the right people. We can build the product. Given the time and money, we can deliver on our promises.

The Executive Director – Ms. Rose Twine. Operations Office -Mr.Luke John Tambiti, ICT/Pay Go Manager - Edmund Osamai Clement, Finance Manager -Samuel Kasozi

Product

We have a working product or service. We have developed the product ourselves and own all of the IP for the product.

Eco Group Ltd develops and manufactures modern and energy efficient cooking stoves branded as Eco-Stoves which use volcanic rocks as a cooking fuel. The Stove is embedded with the solar kit that facilitates control and saving of energy and serves the purpose of lighting the home

Revenue

We have a cash-flow prognosis. We already have revenue from paying customers.

Eco-group Limited will directly generate revenues from sale of eco-stoves (majorly E-stove) and solar systems by the women groups and direct sales. The E-stove costs 600,000 Uganda Shillings equivalent to €142 only. Other sales are generated from from sale long lasting solar kits

Inclusiveness

We involve low-income groups as consumers.

We involve low-income groups as producers.

We involve low-income groups as distributors.

We involve low-income groups as employees.

Eco-group Limited has signed over 30 MoUs with women groups in Uganda. The Women groups nominate women for training in manufacture, assembly and installation of Eco-stoves. Women groups are also engaged in the production of volcanic rocks (a major fuel) as well as marketing & distribution of E-stoves. There is a Pay Go system for low income earners

We involve low-income groups as consumers. We involve low-income groups as producers. We involve low-income groups as distributors. We involve low-income groups as employees.

420 direct jobs will be created for low income people (<8 USD ppp per day) earners across the value chain in two years.750 low income people will benefit from income increase in two years

Registered investors only

Funding history is only visible to registered investors.

Idea and Stage
- Are you working on this business full time?
- Is there a demo, prototype or working product?
- Do you have paying customers?
- Are you making a profit?
- Has the business existed longer than one year?
- Has the business existed longer than three years?
- Do you have more than five employees?
- Do you have more than 10 employees?
- Is your annual turnover more than USD $50,000?
- Is your annual turnover more than USD $100,000?
- Is your company registered?
Team and Organization
- Have you started a business before in a similar/same sector?
- Is this your first time running a company?
- Have you exited a previous business successfully?
- Do you have co-founders?
- Is there technical/product development experience in the team?
- Is there sales and marketing experience in the team?
- Do you have an advisory board?
- Do you have a board of directors?
- Are you already incorporated?
- Do you have references?
Market and Marketing
- Do you know your customer acquisition cost?
- Do you know your profit margin per customer?
- Do you know the size of your market?
- Do you know how many customers you need to break even?
- Do you know your competitors?
- Do you have signed contracts with customers?
- If low-income groups are your customers, can you explain how your marketing plan towards them?
Finance
- Do you have a three year financial forecast?
- Have you calculated your break even point?
- Do you have audited financial statements?
- Do you have a finance expert in your team?
- Have you invested your own money in the company?
- Have you received grant funding?
- Have you received outside investment?
- Have you already connected with impact investors?
- Can you describe your assets?
Impact
- Do you know the role of low-income groups in your business?
- Do you know how you will engage low-income groups?
- Do you know the environmental impact of your business?
Investment
- Do you know what your social impact will be?
- Do you need capital investment?
- Are you willing to give up equity?
- Are you willing to give up a majority share?
- Are you looking for debt finance?
- Do you prefer an active investor?
- Do you need working capital?
- Do you already have external shareholders?
- Do you need technical support along investment?

Registered investors only

Documents are only visible to registered investors when the venture is fundraising.

Team

Rose Twine
Executive Director at Eco-Group Limited

Eco-Group Limited Eco Stoves and Volcanic Rocks in Uganda by Eco -group

Fundraising

Idea

Team

Product

Revenue

Inclusiveness

Registered investors only

Idea and Stage

Team and Organization

Market and Marketing

Finance

Impact

Investment

Registered investors only

Team

Updates

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