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 $181,350 $864,089,775
Amount of raised Inactive loans $0 $378,925
Number of raised Inactive loans 0 245
Amount of Paying Back Loans $91,675 $136,644,550
Number of Paying Back Loans 19 166,002
Amount of Ended Loans $89,675 $727,066,300
Number of Ended Loans 28 903,193
Delinquency Rate 8.09% 8.22%
Amount in Arrears $5,598 $7,295,607
Outstanding Portfolio $69,173 $88,711,476
Number of Loans Delinquent 3 22,238
Default Rate 0.00% 1.32%
Amount of Ended Loans Defaulted $0 $9,621,719
Amount of Ended Loans $89,675 $727,066,300
Number of Ended Loans Defaulted 0 26,679
Currency Exchange Loss Rate 0.00% 0.43%
Amount of Currency Exchange Loss $0 $3,748,624
Refund Rate 2.76% 0.64%
Amount of Refunded Loans $5,000 $5,544,100
Number of Refunded Loans 1 5,818

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 87.50% 74.85%
Average Loan Size $3,882 $407
Average Individual Loan Size $3,882 $640
Average Group Loan Size $0 $1,805
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $1,800 $5,937
Average Loan Size / GDP per capita (PPP) 215.68% 6.86%
Average Time to Fund a Loan 1.08 days 6.9 days
Average Dollars Raised Per Day Per Loan $3,580.52 $59.06
  Average Loan Term 6.19 months 11.04 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 42 438,945
  Journaling Rate 100.00% 41.47%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.29

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 27.39% PY
  Profitability (return on assets) -117.79% 0.5% -0.64%
  Average Loan Size (% of per capita income) N/A 56.00% 19.18%

Country Fast Facts

Field Partner Staff

Julie Orr

Kiva Fellow(s)

Samuel Redlitz