To satisfy basic housing needs while sustaining the environment for future generations.
In collaboration with non-governmental organizations (NGOs), international aid agencies, micro-finance groups and other social enterprises, I-Wood International utilizes innovative technology to provide affordable, ecologically-sound homes and emergency shelters.
I-Wood International was originally registered in 2006 as a non-profit entity.
- is working to achieve a positive and enduring social impact
- has exclusive rights to Profile Lumber™ and I-WOOD™
- generates income from licensing its technology and product designs to providers of low cost housing and emergency shelters
2006 Nobel Peace prize winner Muhammad Yunus and the Grameen Foundation have introduced a new term to the business lexicon: social business. Writing in his book, Creating a World without Poverty , Yunus lays out the framework for a social-objective driven business model and urges others to adopt it in the fight against global poverty. In such a social business the company’s mission is achieved through creating or supporting sustainable “non-loss” business enterprises where all of the profits are ploughed back into the company rather than being distributed to shareholders.
Writers such as Stuart Hart (Capitalism at the Crossroads: aligning business, earth and humanity) and C.K. Prahalad (The Fortune at the Bottom of the Pyramid: Eradicating poverty through profits) highlight the real opportunities to “do good while doing well” with many examples of entrepreneurial success serving an otherwise un-served market.
Inspired by this new “social impact” model for doing business, our non-profit was founded in 2006 to provide affordable housing solutions.