In the last year, GIVEWATTS has managed to sell more than 2,000 Jikokoa life saving stoves in Kenya and Tanzania. They mostly reach out to off-the-grid populations with low income levels and provide a friendly and flexible payment plan whereby they allow payment in instalments of up to four months. This has increased their credibility with their customers and has enabled them to stay in close touch with them.
GIVEWATTS will use the Kiva loan to expand its business by purchasing more Jikokoa stoves. With this, they will be able to grow and improve the availability and accessibility of the lifesaving stoves to underserved areas.
More information about this loan
This loan is part of BURN’s effort to provide a market-based approach to address the global challenges of deforestation, advanced respiratory illness, global warming and poverty. Kiva loans target BURN’s distribution partners in East Africa. These partners range from small SACCOs to for-profit distribution outfits. Loans will be in-kind for stock purchases of BURN stoves, such as the Jikokoa, a charcoal-burning stove that pays for itself in about three months through cost savings. By supporting this loan, you are helping BURN offer more affordable rates to its local distributors, thereby enabling increased sales of clean cookstoves in the region.
About BURN Manufacturing Co.:
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. BURN manufactures clean burning biomass cook stoves that save families money, reduce CO2 emissions, and save trees. Additionally, BURN is creating more than 200 sustainable design and manufacturing jobs in East Africa for the production of their cook stoves.