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 $936,692,925
Amount of raised Inactive loans $0 $481,500
Number of raised Inactive loans 0 394
Amount of Paying Back Loans $79,350 $142,441,150
Number of Paying Back Loans 14 174,248
Amount of Ended Loans $175,325 $793,770,275
Number of Ended Loans 46 994,484
Delinquency Rate 49.09% 8.05%
Amount in Arrears $28,670 $7,470,917
Outstanding Portfolio $58,399 $92,861,274
Number of Loans Delinquent 10 19,638
Default Rate 0.00% 1.40%
Amount of Ended Loans Defaulted $0 $11,137,050
Number of Ended Loans Defaulted 0 31,506
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $0 $4,278,396
Refund Rate 1.96% 0.63%
Amount of Refunded Loans $5,000 $5,887,300
Number of Refunded Loans 1 5,924

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 83.61% 75.18%
Average Loan Size $4,257 $401
Average Individual Loan Size $4,257 $634
Average Group Loan Size $0 $1,773
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $1,800 $5,898
Average Loan Size / GDP per capita (PPP) 236.50% 6.80%
Average Time to Fund a Loan 1.36 days 6.94 days
Average Dollars Raised Per Day Per Loan $3,141.54 $57.84
  Average Loan Term 5.56 months 11.1 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 68 486,030
  Journaling Rate 96.15% 41.50%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.20

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% -0.31%
  Average Loan Size (% of per capita income) N/A 56.00% 17.73%

Country Fast Facts

Field Partner Staff

Julie Orr