Care economy activities and business model

About the organization:
Powerstove Energy is a social enterprise based in Nigeria that provides cookstoves and biomass pellets for clean household cooking. The company offers pay as you go cook financing for purchasing cookstoves. The product reduces the amount of time that is spent in cooking and saves labour in collecting of wood. Powerstoves have reduced greenhouse gas emissions by 2,660,000 tons of carbon (a single Powerstove saves roughly 5 tons Co2 per annum), contributing to global efforts to mitigate climate change.

Activities in the care economy: Provision of affordable time and labour saving technology and products

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

Type of services: Labour saving solutions

Number of customers (2020): Between 5,000 to 25,000

Number of customers (2019): Between 1,000 to 5,000

Number of customers (2018): Less than 1,000

Financials

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

Revenue USD (2020): 250K- less than 500K

Revenue USD (2019): 100K- less than 250K

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

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): Between 5,000 to 25,000

Number of people served (2019): Between 1,000 to 5,000

Number of people served (2018): Less than 1,000