Care economy activities and business model

About the organization:
INNOVERDE is a social enterprise that seeks to reduce the gap in access to drinking water among families suffering water scarcity. Their model assesses the lack of affordable solutions to reduce the time spent on domestic work. INNOVERDE uses innovative rainwater harvesting systems that purify water to make it optimal for human consumption.

Activities in the care economy:
Provision of technology, services & policies/practice that improve condition for domestic & care worker (e.g. apps that calculate decent remuneration), Provision of affordable time and labour saving technology and products (e.g. product that makes washing, cooking more efficient)

Stage of growth: Small scale roll-out/Early stage

Type of services: Labour saving solutions

Number of customers (2020): 1K – less than 5K

Number of customers (2019): 1K – less than 5K

Number of customers (2018): 1K – less than 5K

Financials

Profitability status:
Not profitable yet but planning to become profitable within 3 years

Revenue USD (2020): Less than 10K

Revenue USD (2019): 10K- less than 50K

Revenue USD (2018): Less than 10K

Pathways to impact

Challenge addressed:
Lack of affordable solutions to reduce amount of time spent on care and domestic work (Reduce)

Pathway to impact – 4 Rs: Reduce

Populations affected: Unpaid care workers, Paid care workers, Unpaid domestic workers, Paid domestic workers

Number of people served (2020): Less than 1K

Number of people served (2019): Less than 1K

Number of people served (2018): Less than 1K