{"id":265,"date":"2015-12-21T22:18:08","date_gmt":"2015-12-22T03:18:08","guid":{"rendered":"http:\/\/blogs.haverford.edu\/mi3\/?p=265"},"modified":"2023-08-08T16:32:18","modified_gmt":"2023-08-08T16:32:18","slug":"impact-update-from-wash-cycle-laundry","status":"publish","type":"post","link":"https:\/\/blogs.haverford.edu\/mi3\/2015\/12\/21\/impact-update-from-wash-cycle-laundry\/","title":{"rendered":"Impact Update from Wash Cycle Laundry"},"content":{"rendered":"

In Spring of 2014, Haverford MI3, in partnership with Overseas Resources Foundation, LTD, invested in\u00a0Wash Cycle Laundry (WCL) is a start up delivery laundry service. It was an “out of season” investment that was analyzed by a group of students who had previously taken EC298 Impact Investing. The students were impressed both with the business plan and with\u00a0its\u00a0multi-pronged environmental and social impacts: 1) contracting with local laundromats to upgrade to latest clean and efficient\u00a0equipment, then using that equipment with environmentally friendly detergent 2) delivery by bicycle, \u00a0reducing energy use and emissions 3) hiring from among vulnerable populations. With our investment and other Investors’ Circle members, WCL has expanded to Washington, DC and Austin, Texas. Below, CEO Gabriel Mandujano, who spoke on campus about his experiences as a social entrepreneur last semester, provides an update on WCL’s Impact. Keep up the great work Wash, Cycle, Laundry!<\/p>\n

Hi \u00a0Haverford MI3 and Happy Holidays!<\/em><\/p>\n

2015 marked 5 years that we’ve been in the business of delivering laundry on bicycles.\u00a0In many ways, this has been a banner year for us –one we could not have accomplished without you.\u00a0Together, along with tons and tons of dirty laundry, here’s what we’ve accomplished:<\/em><\/p>\n