Kiva conducts regular," ongoing monitoring "of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner. Status update ?"August 9, 2018 Kiva has moved this Field Partner to inactive status, as"BURN"has decided stop posting new loans to borrowers on Kiva and instead to test out Kiva's Direct to Social Enterprise program as an alternate way of crowdfunding capital for their work. This Field Partner has repaid its outstanding balance to Kiva in full and these funds have been distributed to lenders. If and when this partner requests to post loans to borrowers again using Kiva's traditional model whereby they act as a Field Partner, Kiva will first conduct any additional monitoring and due diligence tasks we believe necessary. Partner description: 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 CO 2 "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 $267,050 $1,758,239,665
Amount of raised Inactive loans $0 $441,550
Number of raised Inactive loans 0 132
Amount of Paying Back Loans $0 $163,202,810
Number of Paying Back Loans 0 193,982
Amount of Ended Loans $267,050 $1,591,353,280
Number of Ended Loans 63 2,108,808
Delinquency Rate 0.00% 15.34%
Amount in Arrears $0 $15,585,726
Outstanding Portfolio $0 $101,609,202
Number of Loans Delinquent 0 72,330
Default Rate 5.98% 1.70%
Amount of Ended Loans Defaulted $15,979 $26,998,026
Number of Ended Loans Defaulted 7 70,224
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $0 $9,202,644
Refund Rate 1.87% 0.57%
Amount of Refunded Loans $5,000 $9,961,195
Number of Refunded Loans 1 9,182

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 84.38% 77.81%
Average Loan Size $4,251 $389
Average Individual Loan Size $4,251 $594
Average Group Loan Size $0 $1,839
Average number of borrowers per group 0 8.2
Average GDP per capita (PPP) in local country $1,800 $5,628
Average Loan Size / GDP per capita (PPP) 236.15% 6.90%
Average Time to Fund a Loan 1.31 days 8.44 days
Average Dollars Raised Per Day Per Loan $3,235.49 $46.05
  Average Loan Term 5.48 months 11.38 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 79 1,071,973
  Journaling Rate 95.24% 42.48%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.62

Borrowing Cost Comparison (based on 2009 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 5% APR 36.00% PY 26.11% PY
  Profitability (return on assets) N/A 0.5% 0.00%
  Average Loan Size (% of per capita income) N/A 56.00% 0.00%

Country Fast Facts

Field Partner Staff

Caroline Greves