BURN Manufacturing Corporation (BURN) is a social venture that addresses the global challenges of deforestation, advanced respiratory illness, global warming and poverty.
 
BURN was created to help meet the enormous need for high-efficiency cook stoves in the developing world, where nearly 3 billion people rely on biomass fuels such as wood, charcoal and dung for cooking. Traditional cook stoves and open fires produce life-threatening smoke. It is estimated that 2 million people globally - mostly women and children - die from respiratory diseases related to indoor cooking smoke each year.
 
BURN manufactures clean burning biomass cook stoves in Kenya. The cook stoves save families money, reduce CO2 emissions, and save trees. Additionally, BURN is creating more than 200 sustainable design and manufacturing jobs in Kenya for the production of their cook stoves.
 
A unique lending approach:
 
BURN focuses on the urban market for stove distribution where there is a high demand for clean cook stoves.
 
Kiva loans go to BURN’s distribution partners in East Africa. Loans are given to small scale distributors to buy 50-150 clean cook stoves. The stoves are manufactured in a facility in Nairobi, making BURN the only cook stove company to fully manufacture its product locally.
 
Mission Statement:
 
BURN Manufacturing Corporation aims to address the global challenges of deforestation, advanced respiratory illness, global warming, and poverty through its production and distribution of affordable clean cook stoves.
 
Why Kiva works with BURN Manufacturing Co:
 
Kiva supports BURN’s plans to serve low-income clients with products that have both health and economic benefits. Funding on Kiva helps BURN reach its goals by helping the organization increase its distribution of clean cook stoves. These charcoal-burning stoves pay for themselves in about three months through cost savings. With access to Kiva loans, BURN’s distributors can obtain more stoves at once and reduce shipping and handling costs. 

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jun 18, 2015 Oct 12, 2005
Total Loans $254,675 $948,590,975
Amount of raised Inactive loans $0 $375,825
Number of raised Inactive loans 0 261
Amount of Paying Back Loans $37,175 $141,979,900
Number of Paying Back Loans 8 175,166
Amount of Ended Loans $217,500 $806,235,250
Number of Ended Loans 52 1,011,122
Delinquency Rate 84.21% 8.10%
Amount in Arrears $26,132 $7,468,353
Outstanding Portfolio $31,032 $92,214,717
Number of Loans Delinquent 7 18,720
Default Rate 0.00% 1.40%
Amount of Ended Loans Defaulted $0 $11,312,347
Number of Ended Loans Defaulted 0 32,567
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $0 $4,326,176
Refund Rate 1.96% 0.62%
Amount of Refunded Loans $5,000 $5,911,700
Number of Refunded Loans 1 5,950

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 83.87% 75.25%
Average Loan Size $4,257 $400
Average Individual Loan Size $4,257 $632
Average Group Loan Size $0 $1,765
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $1,800 $5,889
Average Loan Size / GDP per capita (PPP) 236.50% 6.79%
Average Time to Fund a Loan 1.36 days 6.92 days
Average Dollars Raised Per Day Per Loan $3,141.54 $57.76
  Average Loan Term 5.53 months 11.11 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 68 494,507
  Journaling Rate 90.91% 41.49%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.18

Borrowing Cost Comparison (based on 2014 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 5% APR 36.00% PY 26.05% PY
  Profitability (return on assets) -117.79% 0.5% -0.82%
  Average Loan Size (% of per capita income) N/A 56.00% 17.16%

Country Fast Facts

Field Partner Staff

Julie Orr