Antigua Guatemala, November 20, 2017– Pomona Impact has committed to a five-year $150,000 investment in Ecofiltro. Ecofiltro is one of the most well-known examples of a social enterprise in Guatemala, which manufactures and distributes home water filtration systems throughout Guatemala, Mexico, Belize, El Salvador, Nicaragua, Honduras, and Costa Rica with plans to expand into Colombia and Panama in 2018. The company will be using the financing from this investment for expansion of its production facility in Ciudad Vieja Guatemala.
“No member of government or business has done more to provide access to clean water for the rural populations in Guatemala than Philip Wilson. And the growth prospects for Ecofiltro in new markets remains very exciting."
- Rich Ambrose, Managing Partner of Pomona Impact.
Ecofiltro manufactures and sells home water filtration systems using a cross-subsidization model to sell high-end water filters to families in urban areas to then help subsidize the cost of water filters to families living below the poverty line, with the overall goal of opening up access to safe drinking water to all. Through their many partnerships with NGOs and local alliances both in the private and public sector, Ecofiltro has been able to expand into many departments in Guatemala where access to drinking water has been limited or not available to the majority of people, including many poor indigenous areas. The filter itself is made out of a mixture of clay, sawdust, and colloidal silver and can filter up to 2 liters of water per day and lasts on average around 2 – 3 years.
Ecofiltro got its start over 20 years ago and has operated as a "non-profit" for most of its history. Philip Wilson, now CEO, realized that the scope of the water problem - that is the lack of pure water in the rural households of so many Guatemalans - could not adequately be dealt with from the donation-dependent operation that existed at the time he became involved. He decided to convert Ecofiltro to a social business and followed a hybrid approach where urban sales of filters would serve to finance the distribution of filters in rural areas at an affordable price. To date, Ecofiltro has distributed over 250,000 filters throughout Guatemala.
“So happy to have partnered up with Pomona for financing our factory expansion at a critical juncture in our growth planning which will allow us to serve Mexico and the rest of Central America with more Ecofiltros!”
- Philip Wilson, CEO of Ecofiltro.
Pomona Impact is enthusiastic about this investment in Ecofiltro, a company that is known as one of the shining examples of social entrepreneurship in Guatemala. Ensure Access to Clean Water and Sanitation for All is Goal #6 of the United Nations’ Sustainable Development Goals (UN SDGs). The United Nations state that at least 663 million people worldwide still lack access to improved drinking water sources and the World Health Organization estimates that 80% of sickness in developing countries is a result of lack of access to safe drinking water. Through this investment with Ecofiltro, they will be able to expand their operations and reach even more families throughout Latin America, opening up access to safe drinking water and helping to reduce water-related illnesses for thousands of people.