Care economy activities and business model

About the organization:
Lovecare is for-profit entity that provides child and elderly care services in Vietnam through a care matching and reservation system that connects families and caregivers. It increases access to work for caregivers, thus rewarding their efforts. The services also increases access to quality of care service for families, which reduces time spent on care work.

Activities in the care economy:
Provision of affordable services that provide care & domestic work

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

Type of services: “Care for people with illnesses, Child-care (Ages 1 to 5)
Child-care (Ages 6 and above)
Elderly-care (Ages 60 and above)”

Number of customers (2020): Information not available

Number of customers (2019): Information not available

Number of customers (2018): Information not available

Financials

Profitability status:
Financially profitable

Revenue USD (2020): Information not available

Revenue USD (2019): Between 100,000 to 250,000

Revenue USD (2018): Information not available

Pathways to impact

Challenge addressed:
Limited redistribution of care and domestic work to other actors in the care economy

Pathway to impact – 4 Rs: Redistribute

Populations affected: Unpaid care workers, Paid care workers, Unpaid domestic workers, Paid domestic workers, Infants or children, Elderly people, Persons with special needs or with illnesses

Number of people served (2020): Information not available

Number of people served (2019): Information not available

Number of people served (2018): Information not available