Venture Profile

Country Uganda
Markets Uganda
Sectors Renewable energy
Founded September 2012
Website http://eco-stovesystem.com

Entrepreneur

  • Rose Twine
  • Entrepreneur
    Rose Twine
About Me

Ms. Rose Twine is the Executive Director of Eco-group. Am competent professional who possesses diverse industry experience from across the globe in various project management, sales and relationship management roles. The main aim in working with Eco Stove is building its profile to develop a global product made possible by passion for innovation.

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

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.

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.

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

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

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