{"id":39182,"date":"2021-08-13T14:59:57","date_gmt":"2021-08-13T12:59:57","guid":{"rendered":"https:\/\/www.bettervest.com\/current-projects\/burn-manufacturing-2-expansion-project-profile"},"modified":"2023-01-06T12:10:22","modified_gmt":"2023-01-06T11:10:22","slug":"burn-manufacturing-2-expansion-project-profile","status":"publish","type":"page","link":"https:\/\/www.bettervest.com\/en\/current-projects\/burn-manufacturing-2-expansion-project-profile","title":{"rendered":"BURN Manufacturing 2 Expansion Project Profile"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-page\" data-elementor-id=\"39182\" class=\"elementor elementor-39182\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-0cbbc99 elementor-section-stretched elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"0cbbc99\" data-element_type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-675fa11 bettervest_project_header\" data-id=\"675fa11\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a860c87 elementor-widget elementor-widget-html\" data-id=\"a860c87\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<script>\r\n    if (window.bettervest == null) {\r\n        window.bettervest = {};\r\n    }\r\n    window.bettervest.projectId = \"a2233d35-89e5-4b34-a787-12d4045e2a2a\";\r\n<\/script>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9d8d463 elementor-widget elementor-widget-html\" data-id=\"9d8d463\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<script> \r\njQuery(document).ready(function($) { \r\nvar delay = 100; setTimeout(function() { \r\n$('.elementor-tab-title').removeClass('elementor-active');\r\n $('.elementor-tab-content').css('display', 'none'); }, delay); \r\n}); \r\n<\/script>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1be5c7a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1be5c7a\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f017811\" data-id=\"f017811\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9dca805 elementor-widget elementor-widget-spacer\" data-id=\"9dca805\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0b9cbdf elementor-widget elementor-widget-spacer\" data-id=\"0b9cbdf\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7f86ccd elementor-widget elementor-widget-heading\" data-id=\"7f86ccd\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Help the leader of energy efficient cookstoves in Kenya expand to 7 African countries, make clean cooking accessible to millions &amp; enable the saving of 934,400 tons of CO2 per year!<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fc51499 elementor-widget elementor-widget-video\" data-id=\"fc51499\" data-element_type=\"widget\" data-widget_type=\"video.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-wrapper elementor-open-inline\">\n\t\t\t<div class=\"elementor-video\"><div class=\"BorlabsCookie\"><div class=\"_brlbs-content-blocker\"> <div class=\"_brlbs-embed _brlbs-video-youtube\"> <img decoding=\"async\" class=\"_brlbs-thumbnail\" src=\"https:\/\/www.bettervest.com\/wp-content\/plugins\/borlabs-cookie\/images\/cb-no-thumbnail.png\" alt=\"YouTube\"> <div class=\"_brlbs-caption\"> <p>Mit dem Laden des Videos akzeptieren Sie die Datenschutzerkl\u00e4rung von YouTube.<br><a href=\"https:\/\/policies.google.com\/privacy\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Mehr erfahren<\/a><\/p> <p><a class=\"_brlbs-btn _brlbs-icon-play-white\" href=\"#\" data-borlabs-cookie-unblock role=\"button\">Video laden<\/a><\/p> <p><label><input type=\"checkbox\" name=\"unblockAll\" value=\"1\" checked> <small>YouTube immer entsperren<\/small><\/label><\/p> <\/div> <\/div> <\/div><div class=\"borlabs-hide\" data-borlabs-cookie-type=\"content-blocker\" data-borlabs-cookie-id=\"youtube\"><script type=\"text\/template\">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<\/script><\/div><\/div><\/div>\t\t\t\t<div class=\"elementor-custom-embed-image-overlay\" style=\"background-image: url(https:\/\/www.bettervest.com\/wp-content\/uploads\/2023\/01\/Bild_erstes_Projekt_mit_Teil-Garantie_mint-e1672994494208.png);\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-custom-embed-play\" role=\"button\" aria-label=\"Play Video about BURN\" tabindex=\"0\">\n\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"eicon-play\"><\/i>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-975ec81 elementor-widget elementor-widget-text-editor\" data-id=\"975ec81\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>For subtitles, please press the CC button at the bottom right of the screen.<\/strong><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7b0ba53 elementor-alert-warning elementor-widget elementor-widget-alert\" data-id=\"7b0ba53\" data-element_type=\"widget\" data-widget_type=\"alert.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-alert\" role=\"alert\">\n\n\t\t\t\t\t\t<span class=\"elementor-alert-title\">Notice pursuant to Section 12 (2) of the German Investment Act (Verm\u00f6gensanlagengesetz):<\/span>\n\t\t\t\n\t\t\t\t\t\t<span class=\"elementor-alert-description\"><p>The acquisition of this investment is associated with considerable risks and may lead to the complete loss of the invested assets.<\/p>\n<\/span>\n\t\t\t\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b714d06 elementor-widget elementor-widget-spacer\" data-id=\"b714d06\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-da6f77e elementor-widget elementor-widget-heading\" data-id=\"da6f77e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">UN Entwicklungsziele (SDGs)<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7706778 elementor-widget elementor-widget-spacer\" data-id=\"7706778\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-d049f34 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d049f34\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-28a96d2\" data-id=\"28a96d2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-4dea92b elementor-widget elementor-widget-image\" data-id=\"4dea92b\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"1731\" height=\"249\" src=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2021\/06\/SDGs_BURN_queer.png\" class=\"attachment-full size-full wp-image-22242\" alt=\"BURN\" srcset=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2021\/06\/SDGs_BURN_queer.png 1731w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2021\/06\/SDGs_BURN_queer-300x43.png 300w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2021\/06\/SDGs_BURN_queer-1024x147.png 1024w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2021\/06\/SDGs_BURN_queer-768x110.png 768w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2021\/06\/SDGs_BURN_queer-1536x221.png 1536w\" sizes=\"(max-width: 1731px) 100vw, 1731px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-4e8cb1d elementor-widget elementor-widget-spacer\" data-id=\"4e8cb1d\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9acbd1e elementor-widget elementor-widget-heading\" data-id=\"9acbd1e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The investment at a glance<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a10d18c elementor-widget elementor-widget-spacer\" data-id=\"a10d18c\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cb6f34f elementor-widget elementor-widget-text-editor\" data-id=\"cb6f34f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><img decoding=\"async\" class=\"wp-image-38320 size-medium alignleft\" src=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/11\/Energy4Impact-300x188.png\" alt=\"\" width=\"300\" height=\"126\" \/><\/p>\n<p>UKaid supported bettervest in designing legal contracts related to this project through Energy4Impact&#8217;s Crowd Power programme.<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-af2e050 elementor-widget elementor-widget-spacer\" data-id=\"af2e050\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d524dcf elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d524dcf\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-e85bfdd\" data-id=\"e85bfdd\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a2cf2a0 elementor-widget elementor-widget-html\" data-id=\"a2cf2a0\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<style>.react-app-project-side-bar{font-family: \"Fira Sans\", Sans-serif;}<\/style>\r\n<div class=\"react-app-project-side-bar\"><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-8d8051f\" data-id=\"8d8051f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3d9a81b elementor-view-stacked elementor-position-left elementor-shape-circle elementor-mobile-position-top elementor-widget elementor-widget-icon-box\" data-id=\"3d9a81b\" data-element_type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-sun\"><\/i>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<h3 class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tProject intent\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-description\">\n\t\t\t\t\t\tAward-winning company BURN Manufacturing manufactures high-quality, resource-efficient cookstoves (\"cookstoves\") that provide a cost-effective, health-saving alternative for cooking for people in developing countries, vastly improving their quality of life. The market leader in Kenya now wants to make its sustainable cooking solutions available to people across Africa and plans to enter the market in seven more countries by 2024. BURN Manufacturing will use the loan to finance these expansion plans as well as to expand its production capacities and further develop its energy-efficient electrical product line. \t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e9a8a9f elementor-view-stacked elementor-position-left elementor-shape-circle elementor-mobile-position-top elementor-widget elementor-widget-icon-box\" data-id=\"e9a8a9f\" data-element_type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-leaf\"><\/i>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<h3 class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tSustainable &amp; social impact\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-description\">\n\t\t\t\t\t\tBy 2027  BURN Manufacturing plans to sell over 20 mio. resource-efficient cookstoves through its expansion on the African continent, reducing the consumption of other fuels such as charcoal by 39%. This results in an immense increase in energy efficiency, leading to an average of 9.2 mio. tons of wood being saved from deforestation each year. \r\nAdditionally, the use of these cookstoves greatly improves air quality, reducing health hazards such as indoor air pollution that can cause high-grade respiratory illnesses. As part of its expansion, BURN Manufacturing aims to create more than 10,000 jobs by 2027, helping women in particular to take traditional \"men's jobs.\"\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-06508ca elementor-view-stacked elementor-position-left elementor-shape-circle elementor-mobile-position-top elementor-widget elementor-widget-icon-box\" data-id=\"06508ca\" data-element_type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-globe-africa\"><\/i>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<h3 class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tClimate protection\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-description\">\n\t\t\t\t\t\tSales of over 20 mio. energy-efficient cookstoves by 2027 will generate high fuel savings, preventing the emission of an average of 3.2 tons of CO2 per stove per year. By 2027, this amounts to an average of 12.8 million tons of CO2 per year. The crowdfunding campaign will finance 7.3% of this and thus save an average of 934,400 tons of CO2 per year.\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a9b6b1a elementor-view-stacked elementor-position-left elementor-shape-circle elementor-mobile-position-top elementor-widget elementor-widget-icon-box\" data-id=\"a9b6b1a\" data-element_type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-building\"><\/i>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<h3 class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tEstablished, sustainable company\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-description\">\n\t\t\t\t\t\tBURN Manufacturing Company (BURN Manufacturing) was founded in 2011 by Peter Scott and Boston Nyer and has been active in Kenya through its local branch since 2013. At its own factory in Ruiru, Kenya, BURN Manufacturing produces resource-efficient cookstoves and has established itself as the market leader in Kenya with more than 1.6 mio. cookstoves sold. The company employs more than 1000 team members and emphasizes innovative research, design, efficient production, and excellent customer service. BURN Manufacturing has generated a total of \u20ac40.98 mio. ($41 mio.) in revenue since selling its first cookstove in 2014, of which \u20ac11.7 mio. ($11.7 mio.) was generated in 2021 alone. In addition, since 2018, BURN Manufacturing's net income and equity have been positive. By 2027, BURN Manufacturing aims to increase net profit from \u20ac3 mio. ($3.0 mio.) in 2020 to over \u20ac99.96 mio. ($100 mio.). Since initial sales in Kenya and Somalia &amp; Somaliland in 2016, BURN is now looking to put its further expansion plans into action by serving over 14 East, Central and Western countries. BURN Manufacturing has received several awards for its business model, such as the Bloomberg New Energy Pioneers Award 2018, the Swiss Energy and Climate Summit Award 2018, and the Ashden Green Energy International Award 2015 - the Oscar among awards in the energy sector.\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-178460d elementor-view-stacked elementor-position-left elementor-shape-circle elementor-mobile-position-top elementor-widget elementor-widget-icon-box\" data-id=\"178460d\" data-element_type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-money-bill-alt\"><\/i>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<h3 class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tEarly bird bonus\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-description\">\n\t\t\t\t\t\tAll investors who invest until 03.02.2023 will receive an early bird bonus of 1%. The interest rate thus increases to 7% in total. \t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-e4960f0\" data-id=\"e4960f0\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-045bfb1 elementor-view-stacked elementor-position-left elementor-shape-circle elementor-mobile-position-top elementor-widget elementor-widget-icon-box\" data-id=\"045bfb1\" data-element_type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-lock\"><\/i>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<h3 class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tRisk reduction measures\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-description\">\n\t\t\t\t\t\tThis project will be the first to have a guarantee from a guarantee fund. This will take effect in the event of a default on repayment of the loan by the project owner after all recovery measures have been met. The guarantee is partially covering the oustanding capital of loan and is provided strictly on the basis of True Risk Sharing by the Lender (SPV\/bettervest). Political risks are not covered by the guarantee. \r\n\r\n<br><br>For the crowdfunding campaign on bettervest, a special purpose entity called Burn Cook Stove Emissions UG (haftungsbeschr\u00e4nkt), based in Germany, was established to act as the borrower in this project. It forwards the collected capital as a secured loan to the project owner in Kenya, BURN Manufacturing USA LLC Kenya Branch (BMUKB) and does not engage in any other business activities during the entire term of the loan. Shareholders and managing directors of Burn Cook Stove Emissions UG (haftungsbeschr\u00e4nkt) are independent of BMUKB. <br><br>In addition, Burn Cook Stove Emissions UG (haftungsbeschr\u00e4nkt) has a liquidity buffer of 25,000 euros of the money collected in the crowdfunding, which serves as a financial cushion for any necessary measures if BMUKB does not meet its payment obligations.\r\n<br><br>The on-lending loan from Burn Cook Stove Emissions UG (haftungsbeschr\u00e4nkt) to BMUKB is secured by the following assets:\r\n<br>(i) Inventories of finished products:  The collateral relates to 40% of the outstanding loan amount. \r\n<br>(ii) CO2 Certificates (VERs): In addition, the parent company in USA BURN Manufacturing Company, Washington State pledges CO2 allowances, known as Voluntary Emission Reductions (VERs), credited to the U.S. parent company in the course of BMUKB's manufacturing and marketing of cookstoves in Africa. This security relates to 100% of the outstanding loan amount.\r\n\r\n<br><br>The on-lending loan also includes ancillary loan agreements (\"financial covenants\") between the creditor Burn Cook Stove Emissions UG (haftungsbeschr\u00e4nkt) and debtor BMUKB in order to maintain the financial stability of the company on a high level.\r\n\r\n<br><br>To supplement its equity, BURN will receive a total of USD 7.6 million in quasi-capital and subordinated loan funding from Spark+ Africa Fund and the East Africa Relief Fund over the course of 2022. \r\n\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ac8b32e elementor-widget elementor-widget-spacer\" data-id=\"ac8b32e\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-bc7b07a elementor-view-stacked elementor-position-left elementor-shape-circle elementor-mobile-position-top elementor-widget elementor-widget-icon-box\" data-id=\"bc7b07a\" data-element_type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-gift\"><\/i>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<h3 class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tRaffle of 5 cook cookers\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-description\">\n\t\t\t\t\t\tWant to try the BURN cookstove for yourself? BURN Manufacturing has made 5 of their energy-efficient cookstoves available for a raffle among bettervest investors. The cookstoves will be raffled off among the supporters with the highest investment amount and sent to the winners if they are interested.\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a846b5d elementor-widget elementor-widget-spacer\" data-id=\"a846b5d\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-90daf4c elementor-view-stacked elementor-position-left elementor-shape-circle elementor-mobile-position-top elementor-widget elementor-widget-icon-box\" data-id=\"90daf4c\" data-element_type=\"widget\" data-widget_type=\"icon-box.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-icon-box-wrapper\">\n\n\t\t\t\t\t\t<div class=\"elementor-icon-box-icon\">\n\t\t\t\t<span  class=\"elementor-icon\">\n\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-tv\"><\/i>\t\t\t\t<\/span>\n\t\t\t<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-icon-box-content\">\n\n\t\t\t\t\t\t\t\t\t<h3 class=\"elementor-icon-box-title\">\n\t\t\t\t\t\t<span  >\n\t\t\t\t\t\t\tReport on BURN\t\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/h3>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t<p class=\"elementor-icon-box-description\">\n\t\t\t\t\t\tBURN Manufacturing as well as bettervest were featured in a report by ZDF in March 2022. The plan b format presented, among other things, BURN's need for capital for its expansion plans and the closing of this financing gap through crowdfunding via bettervest. You can watch the report entitled <a href=\"https:\/\/www.zdf.de\/gesellschaft\/plan-b\/plan-b-geld-ist-nicht-alles-100.html\" target=\"_blank\" rel=\"noopener\">\u201eGeld ist nicht alles \u2013 Investieren in gute Zwecke \u2013 Film von Alexandra Hostert und Norman Laryea\u201c<\/a> (\"Money isn't everything - Investing in good causes - film by Alexandra Hostert and Norman Laryea\") here.\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t<\/div>\n\t\t\t\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-c1ee97f elementor-widget elementor-widget-spacer\" data-id=\"c1ee97f\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-8955555 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"8955555\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5153e45\" data-id=\"5153e45\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-18a65c5 elementor-widget elementor-widget-spacer\" data-id=\"18a65c5\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1a665aa elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1a665aa\" data-element_type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-fecc20d\" data-id=\"fecc20d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c5dd15e elementor-widget elementor-widget-spacer\" data-id=\"c5dd15e\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f524899 elementor-widget elementor-widget-heading\" data-id=\"f524899\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Project description<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-f6e2d90 elementor-widget elementor-widget-accordion\" data-id=\"f6e2d90\" data-element_type=\"widget\" data-widget_type=\"accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2581\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-2581\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Project intent<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2581\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-2581\"><p>A large proportion of people in sub-Saharan Africa rely on charcoal or firewood as an energy source for cooking, the combustion of which releases emissions that are harmful to health. According to <a href=\"https:\/\/www.who.int\/health-topics\/air-pollution#tab=tab_3\" target=\"_blank\" rel=\"noopener\">the World Health Organization<\/a>, smoke inhalation from cooking on open fires causes 3.8 mio. premature deaths each year. For lack of alternatives, households spend heavily to purchase these harmful fuels, for which they must pay <a href=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2021\/07\/2019.10.04_UCBUC-Research-Highlights.pdf\" target=\"_blank\" rel=\"noopener\">$300 to $500 per year<\/a>, depending on the region, type of wood, and price volatility. Entire forests are being cut down to meet demand.<\/p>\n<p>Award-winning company <em>BURN Manufacturing Company (BURN Manufacturing)<\/em> is countering these problems by manufacturing <strong>energy-efficient cookstoves<\/strong>. At the company&#8217;s factory, which is located in Ruiru, Kenya, <em>BURN Manufacturing<\/em> produces resource-efficient cooking appliances that <strong>use less fuel than conventional cookstoves and produce up to 80% less smoke<\/strong>. This significantly <strong>minimizes health risks<\/strong> and provides <strong>high cost savings <\/strong>for customers who tend to be from poorer backgrounds.<\/p>\n<p>Since its founding in <strong>2011<\/strong>, <em>BURN Manufacturing<\/em> has established itself as the market leader in Kenya with <strong>over 1.6 mio. cooking appliances sold<\/strong> and now wants to make its climate-friendly products available to the African continent. As a result, <em>BURN Manufacturing<\/em> plans to <strong>enter the market in several additional countries by 2024 <\/strong>like Rwanda, Ghana, Uganda, Tanzania, Democratic Republic of Congo, Nigeria and Mozambique. As part of this, <em>BURN Manufacturing<\/em> aims to <strong>expand its production capacity in Kenya<\/strong>, as well as <strong>invest in the further development of its energy-efficient electric cooking solutions<\/strong>. Currently, the company has the capacity to produce over <strong>200,000 cookstoves per month<\/strong>. This is expected to <strong>increase to 500,000 units per month by mid-2024<\/strong>. This funding will therefore finance <em>BURN Manufacturing&#8217;s<\/em> <strong>business expansion<\/strong> and the <strong>expansion of production<\/strong> to improve the quality of life of one mio. people.<br \/>\n<em><br \/>\nBURN Manufacturing<\/em> has already successfully completed two fundings on bettervest.com. <a href=\"https:\/\/www.bettervest.com\/de\/project\/burn-kenia-cookstoves\" target=\"_blank\" rel=\"noopener\">The first campaign<\/a> raised \u20ac336,700 and <a href=\"https:\/\/www.bettervest.com\/de\/project\/burn-kenia-cookstoves-2\" target=\"_blank\" rel=\"noopener\">the second one<\/a> 666,700 EUR to fund raw materials for the cookstoves.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2582\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"button\" aria-controls=\"elementor-tab-content-2582\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Sustainable & social impact<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2582\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"region\" aria-labelledby=\"elementor-tab-title-2582\"><p>BURN Manufacturing&#8217;s business model actively contributes to 6 of the UN\u2019s <a href=\"https:\/\/www.globalgoals.org\/\" target=\"_blank\" rel=\"noopener\">sustainable development goals<\/a> (\u201eSDGs\u201c): <\/p>\n<p>The resource-efficient cookstoves reduce fuel consumption by 39%, increasing energy efficiency (Goal 7.3) and cutting down fewer trees (Goal 15.2). Since the first so-called jikokoas (Swahili for &#8220;cook stove&#8221; and &#8220;save&#8221;) were sold in 2013, 6.1 mio. tons of wood have already been saved from deforestation. At the same time, customers are able to save on fuel costs (Objective 8.4). BURN Manufacturing customers&#8217; cost savings have accumulated to $468.8 mio. since 2013. <\/p>\n<p>The use of the efficient cookstoves also reduces health hazards such as indoor air pollution that can cause respiratory illnesses (Goal 3.9). Reduced fossil fuel use also results in lower CO2 emissions (Goal 13), helping to combat climate change. BURN Manufacturing has been able to avoid 10.9 mio. tons of CO2 emissions to date due to its energy-efficient cookstoves.<\/p>\n<p>BURN Manufacturing currently employs more than 1,000 people, approximately 50% of whom are women, and supports women in taking positions that are traditionally &#8220;for men only&#8221; (Goal 5.1).<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2583\" class=\"elementor-tab-title\" data-tab=\"3\" role=\"button\" aria-controls=\"elementor-tab-content-2583\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Climate protection<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2583\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"region\" aria-labelledby=\"elementor-tab-title-2583\"><p>The use of the efficient cookstoves saves fuel, which at the same time creates a great potential for CO2 savings. On average, a BURN cookstove saves 3.2  tons of CO2 and 2.3  tons of wood per year. Thus, indoor air pollution is reduced by 60% when using a cookstove. The expansion is expected to sell 20 mio. more cookstoves in the next five years until 2027, saving 12.8 mio. tons of CO2 per year on average. The crowdfunding campaign will finance 7.3% of this and thus save an average of 934,400 tons of CO2 per year.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2584\" class=\"elementor-tab-title\" data-tab=\"4\" role=\"button\" aria-controls=\"elementor-tab-content-2584\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Risk reduction measures<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2584\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"4\" role=\"region\" aria-labelledby=\"elementor-tab-title-2584\"><p>The investment risks associated with the subordinated loan are described in detail in the VIB under item 5 and in the risk notes. With a view to assessing and limiting the risks for investors*, the issuer draws attention to the following special features in the design of the project:<\/p>\n<p><strong>a) External default guarantee <\/strong><br \/>\nThis project will be the first to have an external default guarantee from a guarantee fund. The guarantee exists in favour of the issuing SPV, a special purpose vehicle independent of the project owner, and relates to the loan that the SPV uses to on-lend the funds provided by the Crowd to the project owner.<br \/>\nThe guarantee takes effect in the event of default on repayment of the loan by the project owner after all reasonable recovery measures have been put in place by the Lender (SPV\/bettervest). Payments under the guarantee are subject to the terms and conditions of the relevant guarantee agreement. The guarantee covers partially the outstanding loan capital. The Guarantee is not a first loss guarantee and is provided strictly on the basis of True Risk Sharing by the Lender (SPV\/Bettervest). Political risks are not covered by the guarantee. The costs and fees associated with the guarantee in favor of the Guarantor will be borne by bettervest.<\/p>\n<p>You can find our blog post on the general topic of &#8220;default guarantees&#8221; <a href=\"https:\/\/www.bettervest.com\/de\/2022\/12\/06\/ausfallgarantie\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/p>\n<p><strong>b) Use of a special purpose vehicle:<\/strong><br \/>\nFor the crowdfunding campaign on bettervest, a special purpose entity called Burn Cook Stove Emissions UG (haftungsbeschr\u00e4nkt) was established. Burn Cook Stove Emissions UG (haftungsbeschr\u00e4nkt) acts as the borrower and is based in Germany. It forwards the collected capital as a secured loan to the company in Kenya, BURN Manufacturing USA LLC Kenya Branch (BMUKB) and does not engage in any other business activities during the entire term of the loan. The shareholders and directors of Burn Cook Stove Emissions UG (haftungsbeschr\u00e4nkt) are independent of BMUKB. In addition, Burn Cook Stove Emissions UG (haftungsbeschr\u00e4nkt) has a liquidity buffer of 25,000 euros of the money raised in the crowdfunding. The liquidity buffer serves as a financial cushion for any necessary measures in the event that BMUKB does not meet its payment obligations.<\/p>\n<p><strong>c) Collateralization of the on-lending loan:<\/strong><br \/>\nThe on-lending loan from Burn Cook Stove Emissions UG (haftungsbeschr\u00e4nkt) to BMUKB is secured by the following assets:<br \/>\n<strong><br \/>\n(i) Inventory of completed products.<\/strong><br \/>\nThe collateral relates to 40% of the outstanding loan amount. These are higher quality electric powered cooking stoves, which are spun off for the purpose of pledging into a trust company based in Mauritius.<br \/>\n<strong>(ii) CO2 certificates (VERs):<\/strong><br \/>\nIn addition, the parent company in USA BURN Manufacturing Company, Washington State pledges CO2 allowances, known as Voluntary Emission Reductions (VERs), credited to the U.S. parent company in the course of BMUKB&#8217;s manufacturing and marketing of cookstoves in Africa. This security relates to 100% of the outstanding loan amount.<\/p>\n<p><strong>d) Special Credit Agreement Ancillary Covenants (&#8220;Financial Covenants&#8221;):<\/strong><br \/>\nThe following ancillary credit agreement covenants between creditor Burn Cook Stove Emissions UG (haftungsbeschr\u00e4nkt) and debtor BMUKB were included in the on-lending loan:<\/p>\n<p>(i) BMUKB&#8217;s debt service coverage ratio shall not exceed 2.5:1 for the first 12 months of the contractual term, and shall not exceed 2.0:1 from the 13th month until the end of the contractual term. The debt service coverage ratio is defined in the agreement as follows: (non-subordinated debt) \/ (equity + subordinated loan).<br \/>\n(ii) BMUKB&#8217;s debt service coverage ratio shall not fall below a factor of 1.2x during the entire term of the loan. That is, in the 4 quarters prior to the maturity of each annuity payment, the cash flow available for servicing the company&#8217;s debt must be at least 20% greater than the debt service BMUKB is required to pay on its total debt in those 4 quarters.<\/p>\n<p><strong>e) Equity:<\/strong><br \/>\nBURN shall provide the Trust Company in Mauritius with equity equal to 10% of the issue amount. Disbursement of the on-lending loan will only be made upon presentation of proof of receipt of payment of the corresponding equity amount.<\/p>\n<p>In May of this year, BURN&#8217;s parent company in the USA received fresh equity in the amount of USD 2.2 mio. Another capital increase of USD 5 mio. is planned for December this year with the Option for further 5 mio. USD in the first quarter of 2023. The funds will be invested in BMUKB. Thus, they strengthen the financial power of the borrower vis-\u00e0-vis the issuer of the crowdfunded loan.<\/p>\n<p><strong>f) Subordinated loan:<\/strong><br \/>\nTo supplement its equity, BURN received a total of US$4 mio. in funding from Spark+ Africa Fund in the form of equity-like loans at the end of May 2022.<\/p>\n<p>Spark+ Africa Fund is a $70 mio. investment fund that finances companies providing next-generation distributed energy solutions to the mass market in sub-Saharan Africa.<\/p>\n<p>The fund invests debt and mezzanine capital in leading companies along the value chain of various cooking fuels such as liquefied petroleum gas (LPG), biofuels such as ethanol and pellets, electrical appliances, and efficient biomass stoves.<\/p>\n<p>Spark+ is the first fund of Luxembourg-based Spark+ General Partner S\u00e0rl, a joint venture between the fund&#8217;s exclusive advisor, Swiss impact investment consultancy Enabling Qapital, and the Dutch foundation Stichting Modern Cooking.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2585\" class=\"elementor-tab-title\" data-tab=\"5\" role=\"button\" aria-controls=\"elementor-tab-content-2585\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Summary Cash Flow Plan <\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2585\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"5\" role=\"region\" aria-labelledby=\"elementor-tab-title-2585\"><p><a href=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/12\/20221228_CashflowPlan_BURN2.png\"><img decoding=\"async\" class=\"alignnone wp-image-39208 size-full\" src=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/12\/20221228_CashflowPlan_BURN2.png\" alt=\"\" width=\"1244\" height=\"750\" srcset=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/12\/20221228_CashflowPlan_BURN2.png 1244w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/12\/20221228_CashflowPlan_BURN2-300x181.png 300w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/12\/20221228_CashflowPlan_BURN2-1024x617.png 1024w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/12\/20221228_CashflowPlan_BURN2-768x463.png 768w\" sizes=\"(max-width: 1244px) 100vw, 1244px\" \/><\/a><\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2586\" class=\"elementor-tab-title\" data-tab=\"6\" role=\"button\" aria-controls=\"elementor-tab-content-2586\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Financing structure<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2586\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"6\" role=\"region\" aria-labelledby=\"elementor-tab-title-2586\"><p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-39214 size-full\" src=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/12\/20221228_BURN2_Finanzierungsstruktur.png\" alt=\"\" width=\"1189\" height=\"607\" srcset=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/12\/20221228_BURN2_Finanzierungsstruktur.png 1189w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/12\/20221228_BURN2_Finanzierungsstruktur-300x153.png 300w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/12\/20221228_BURN2_Finanzierungsstruktur-1024x523.png 1024w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/12\/20221228_BURN2_Finanzierungsstruktur-768x392.png 768w\" sizes=\"(max-width: 1189px) 100vw, 1189px\" \/><\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2587\" class=\"elementor-tab-title\" data-tab=\"7\" role=\"button\" aria-controls=\"elementor-tab-content-2587\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Financing and repayment<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2587\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"7\" role=\"region\" aria-labelledby=\"elementor-tab-title-2587\"><p><strong>Investment needs<\/strong><\/p>\n<p>In order to realize the expansion as well as the development of the production and the product range, BURN Manufacturing needs 7.6 Mio. Euros. On the one hand, this will finance the market expansion into seven African countries and the associated measures such as sales, marketing, logistics and administration. On the other hand, BURN Manufacturing uses the money to invest in the development and design of (new) products as well as in the expansion of production capacities.<br \/>\nThrough crowdfunding, 2,266,300.00 euros (including fees) are to be collected, the remaining needs will be covered by equity, grants and debt. The project is co-financed by the crowdfunding platforms bettervest and GREEN ROCKET. This means that the project will be offered for financing on two platforms in parallel.<br \/>\nThe term of the loan is 5 years and has an annual interest rate of 6% for the crowd-investors. Investors who invest in the project within the first four weeks also receive an early bird bonus of 1% (i.e. a total of 7%). The funding threshold for this project is 50,000 euros. If only this amount is reached, the project owner will fund the rest from other sources and carry out the project. <\/p>\n<p><strong>Repayment<\/strong><br \/>\nThe loan will be repaid from cash generated by BURN Manufacturing through the sale of the cookstoves and CO2 certificates (Voluntary Emission Reductions (VERs)).<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2588\" class=\"elementor-tab-title\" data-tab=\"8\" role=\"button\" aria-controls=\"elementor-tab-content-2588\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Raffle of 5 cook cookers<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2588\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"8\" role=\"region\" aria-labelledby=\"elementor-tab-title-2588\"><p>Want to try the BURN cookstove for yourself? BURN Manufacturing has made 5 of their energy-efficient cookstoves available for a raffle among bettervest investors. The cookstoves will be raffled off among the supporters with the highest investment amount and sent to the winners if they are interested.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2589\" class=\"elementor-tab-title\" data-tab=\"9\" role=\"button\" aria-controls=\"elementor-tab-content-2589\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">FAQ<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2589\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"9\" role=\"region\" aria-labelledby=\"elementor-tab-title-2589\"><p><strong>1. What is a partial guarantee?<\/strong><\/p>\n<p>We have created a detailed blog post on the topic of default guarantees, which you can access <a href=\"https:\/\/www.bettervest.com\/de\/2022\/12\/06\/ausfallgarantie\" target=\"_blank\" rel=\"noopener\">here<\/a>.<\/p>\n<p><strong>2. Do I, as an investor, have additional costs due to the guarantee?<\/strong><\/p>\n<p>No. The costs of the guarantee are paid in full by the special purpose vehicle, which in turn invoices the project owner.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-0f25794 elementor-widget elementor-widget-spacer\" data-id=\"0f25794\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9158e3a elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9158e3a\" data-element_type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1e35c7f\" data-id=\"1e35c7f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-823c50d elementor-widget elementor-widget-spacer\" data-id=\"823c50d\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-989be5a elementor-widget elementor-widget-heading\" data-id=\"989be5a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The BURN business model: clean cooking stoves and green CO2 certificates<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-27c475a elementor-widget elementor-widget-heading\" data-id=\"27c475a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">A)\tProduction and sale of resource-efficient cook stoves<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-2a52852 elementor-widget elementor-widget-accordion\" data-id=\"2a52852\" data-element_type=\"widget\" data-widget_type=\"accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-4431\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-4431\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">1. Charcoal cook stoves<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-4431\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-4431\"><p><strong>Product Overview:<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-38253\" src=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/11\/Holzkohle_jikokoa_neu-1.png\" alt=\"\" width=\"200\" height=\"150\" \/><\/p>\n<ul>\n<p>&#8211; Jikokoa Classic \u2013 BURN Manufacturing&#8217;s flagship product, sold over 1 million units since 2014.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-38251\" src=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/11\/Holzkohle_ecoa_neu-1.png\" alt=\"\" width=\"200\" height=\"154\" \/><\/p>\n<p>&#8211; Mass Market Jikokoa &#8211; The new, improved, and more affordable version of the Classic. Improved efficiency and durability as the &#8216;Classic&#8217;, but with a 25% lower MSRP (23.7 Euros, $24).<br \/>\n&#8211; Payback time: 2-4 months<br \/>\n&#8211; CO2 reduction: 4-5 tons of CO2 per stove per year.<br \/>\nStrategy and rationale:<br \/>\n&#8211; The Jikokoa Classic version will be discontinued and replaced with the improved mass market version in Q4 2022.<\/p>\n<p>Economic specifications:<br \/>\n&#8211; Classic: retail price $37<br \/>\n&#8211; 2021: retail price: $10-$27 (prices subsidized using carbon financing)<\/p>\n<p>Product Overview:<br \/>\n\u2022\tJikokoa Xtra &#8211; The largest, longest lasting and most powerful household biomass stove in Africa.<br \/>\n\u2022\tJikokoa Pro &#8211; The most efficient commercial charcoal cookstove in Africa<\/p>\n<p>Strategy and rationale:<br \/>\n\u2022\tXtra enables BURN Manufacturing to capture the premium consumer market at a higher price point and margin.<br \/>\n\u2022\tPro is designed for restaurants and institutions. Studies have shown that these institutions are responsible for ~50% of charcoal consumption in Kenya.<br \/>\n\u2022\tEconomic Specifications:<br \/>\n\u2022\tXtra: retail price: $47<br \/>\n\u2022\tPro: retail price: $80 <\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-4432\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"button\" aria-controls=\"elementor-tab-content-4432\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">2. Wood cookstoves<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-4432\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"region\" aria-labelledby=\"elementor-tab-title-4432\"><p><strong>Product Overview:<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-38231\" src=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/11\/Holz_ecoa_wood_neu.png\" alt=\"\" width=\"224\" height=\"224\" srcset=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/11\/Holz_ecoa_wood_neu.png 224w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/11\/Holz_ecoa_wood_neu-150x150.png 150w\" sizes=\"(max-width: 224px) 100vw, 224px\" \/><\/p>\n<p>&#8211; Ecoa Wood &#8211; The world&#8217;s most economical stove for home use.<br \/>\n&#8211; Uses 71% less wood than a 3-stone fire.<br \/>\n&#8211; 43% thermal efficiency (51% with pot skirt)<br \/>\n&#8211; ISO\/IWA level 3<br \/>\n&#8211; Lifetime: 5 years+<br \/>\n&#8211; CO2 reduction: 2.3 &#8211; 3 tons per stove per year<\/p>\n<p><strong>Highlights<\/strong><br \/>\n\u2022\t90,000 units sold in 2021<br \/>\n\u2022\tCurrently negotiating supply contracts for 1 over million units in Africa for 2022<\/p>\n<p><strong>Strategy and rationale:<\/strong><br \/>\n\u2022\tMore than 600 mio. rural residents in SSA rely on wood because they cannot afford LPG or electricity.<\/p>\n<p><strong>Economic specifications:<\/strong><br \/>\n\u2022\tWholesale price: $23 <\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-4433\" class=\"elementor-tab-title\" data-tab=\"3\" role=\"button\" aria-controls=\"elementor-tab-content-4433\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">3. Electric stoves<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-4433\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"region\" aria-labelledby=\"elementor-tab-title-4433\"><p><strong>Product Overview:<\/strong><\/p>\n<p>\u2022\t<strong>EPC<\/strong> &#8211; The safest, most affordable and modern cooking solution that can prepare any meal.<br \/>\n\u2022\tDesigned for the East African market with one-touch cooking for traditional East African cooking.<\/p>\n<p>\u2022\t<strong>Induction Cooker <\/strong>\u2013<br \/>\n\u2022\tAn Induction Cooker heats an Induction vessel through electrical induction, thereby ensuring minimum loss of energy.<br \/>\n\u2022\tThe Induction Cooker is targeted towards African households.<br \/>\n\u2022\tSwitching to the Induction cooker, is 3-8x cheaper than other fuels, with customers reducing their weekly average fuel expenditure by 65%, from $8.40 to $2.70 &#8211; an average savings of $5.70 per week. This benefit will become increasingly apparent as ethanol, LPG and biomass cooking fuel costs continue to rise.<br \/>\n\u2022\tCustomers using our electric induction cooker reduce their charcoal usage by 85% and LPG usage by 59%<\/p>\n<p><strong>Highlights <\/strong><br \/>\n\u2022\tA 10-member research and development team developed a grid-connected platform, with pilot projects now underway in Kenya, Tanzania, and Ghana. Approved $1.5m in grants\/ received $358k to date.<\/p>\n<p><strong>Strategy and rationale:<\/strong><br \/>\n\u2022\tTarget households that have access to electricity, with a focus on those that rely on charcoal, wood and kerosene. Electrification on the continent is progressing rapidly; for example, 56% of all Kenyan households are now connected to the grid<\/p>\n<p><strong>Economic specifications:<\/strong><br \/>\n\u2022\tRetail price: $60-110 <\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-4434\" class=\"elementor-tab-title\" data-tab=\"4\" role=\"button\" aria-controls=\"elementor-tab-content-4434\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">4. Gas cooking stoves<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-4434\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"4\" role=\"region\" aria-labelledby=\"elementor-tab-title-4434\"><p><strong>Product Overview:<\/strong><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-medium wp-image-38229\" src=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/11\/Gas_ecoa_LPG-300x134.png\" alt=\"\" width=\"300\" height=\"134\" srcset=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/11\/Gas_ecoa_LPG-300x134.png 300w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/11\/Gas_ecoa_LPG.png 598w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/p>\n<p>&#8211;\t<strong>ecoa LPG<\/strong> (Liquified Petroleum Gas) &#8211; locally manufactured cookstove that offers better quality at a lower price than comparable imported cookstoves.<br \/>\n&#8211;\tValue and Premium models retail for ~20% less than imported units<br \/>\n&#8211;\tModular design to accommodate PAYG and OEM customer specifications<\/p>\n<p><strong>Highlights <\/strong><br \/>\n\u2022\tVAT exemption for raw materials<br \/>\n\u2022\tDuty-free shipping to EAC (East African Community)<br \/>\n<strong><br \/>\nStrategy and rationale:<\/strong><br \/>\n\u2022\tLPG consumption in SSA will double in the next 10 years.<br \/>\n\u2022\tDirect sales to retail, OEM (for LPG companies like ProGas) and wholesale to PAYG LPG companies.<\/p>\n<p><strong>Economic specifications:<\/strong><br \/>\n\u2022\tRetail price: $21 &#8211; $37 <\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-4435\" class=\"elementor-tab-title\" data-tab=\"5\" role=\"button\" aria-controls=\"elementor-tab-content-4435\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Studies, production process & distribution<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-4435\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"5\" role=\"region\" aria-labelledby=\"elementor-tab-title-4435\"><p>All cookstoves have been tested by several independent bodies including the Kenya Industrial Research and Development Institute (KIRDI) and the University of Washington. Fuel efficiency, durability and reduced emissions have been confirmed. UC Berkley and the University of Chicago also authored an independent study on customer efficiency and cost savings. The study can be found <a href=\"http:\/\/www.susannaberkouwer.com\/files\/theme\/BerkouwerJMP.pdf\" target=\"_blank\" rel=\"noopener\">here<\/a>. In general, the cookstove can be registered by customers by means of a serial number, which gives them access to customer service, which assists them in maintaining the cookstoves and provides spare parts. For this purpose, they have access to over 50 service points in Kenya and East Africa.<\/p>\n<p><strong>Manufacturing Process:<\/strong><\/p>\n<p>The modern production hall is located in Ruiru and is powered by solar electricity, which covers two-thirds of the production&#8217;s energy needs. A large part of the raw material such as Galvalume sheets or stainless steel sheets is sourced by BURN Manufacturing in Kenya. Other materials such as stainless steel tubes or wires are imported from China. In the press, the material is cut, pressed and formed into different parts, with each machine producing about 4,000 &#8211; 7,000 parts per day. The individual parts are powder coated in an oven at 1,000 degrees, giving them a glossy finish and making them durable and odorless. The individual parts are then assembled into various sub-assemblies, which are ultimately joined together to form the finished product. This is done by welding or with riveted joints. Quality control is carried out directly on the assembly lines. Within one month, over 200,000 climate-friendly cook stoves can thus be produced.<\/p>\n<p><strong>Distribution:<\/strong><\/p>\n<p>The cookstoves are sold and marketed worldwide through many channels. These include retailers, financial institutions that allow installment payments, cooperatives, and through an online store.<\/p>\n<p>BURN Manufacturing already sells its products in Kenya, Somalia and Somaliland, and sporadically in other parts of East Africa and the world. An expansion is now planned to several other African countries.<\/p>\n<p>With regard to the packaging of the cookstoves, BURN Manufacturing operates a zero-plastic policy. This includes packaging the stoves with sustainable materials that do not cause environmental pollution.<\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9d4c0ca elementor-widget elementor-widget-spacer\" data-id=\"9d4c0ca\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e54f57a elementor-widget elementor-widget-heading\" data-id=\"e54f57a\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">B)\tTrading of CO2 certificates (Voluntary Emission Reductions (VERs))<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-fb350ec elementor-widget elementor-widget-accordion\" data-id=\"fb350ec\" data-element_type=\"widget\" data-widget_type=\"accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2631\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-2631\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">General information on Voluntary Emission Reductions (VERs)<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2631\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-2631\"><p>The second source of revenue for BURN Manufacturing is the trading of CO2 certificates. Since 2016, BURN Manufacturing has generated tradable CO2 certificates, so-called Voluntary Emission Reductions (VERs), through the sale of cookstoves and the associated CO2 savings. One VER represents one metric ton of CO2 equivalent from a verified project that is audited by an independent third party and certified to Gold Standard. The <a href=\"https:\/\/www.goldstandard.org\/\" target=\"_blank\" rel=\"noopener\">Gold Standard<\/a> sets requirements for designing projects for maximum positive impact on climate and development and certifies CO2-saving projects such as BURN Manufacturing.<\/p>\n<p>VERs are sold to companies and brokers. Sales are often made through Emission Reduction Payment Agreements (ERPAs). ERPAs are a commitment to buy\/sell carbon credits at predetermined prices over a period of time. BURN Manufacturing has already signed EPRAs worth approximately EUR 30 mio. with various buyers. The end of the contract period is between 2021 and 2028 and the average price per VER is 5,21 euros (6,21 USD).<\/p>\n<p>In the last four years, BURN Manufacturing has also already been able to sell more than 1 mio. VERs at a price between $1 and $6 per certificate, with the expectation that this figure will continue to rise. <\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-2632\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"button\" aria-controls=\"elementor-tab-content-2632\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Trends and forecasts for the price development of CO2-certificates<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-2632\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"region\" aria-labelledby=\"elementor-tab-title-2632\"><p>The decline in global inventories has driven up VER prices, and carbon credit prices are estimated to continue to increase tenfold to ~$50\/tCO2e by 2030. BURN credits have followed market trends, rising from ~$3-4\/VER in 2020 to $8-10\/VER in 2022. The increasing net zero obligations of many companies and countries have led to an explosion in carbon credit demand, with prices expected to continue to rise.<\/p>\n<p>For more in-depth information on carbon credits, read our <a href=\"https:\/\/www.bettervest.com\/de\/2021\/09\/02\/fachbeitrag-zum-thema-co2-zertifikate-teil-1\" target=\"_blank\" rel=\"noopener\">blog post<\/a> on the topic. <\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6b048c5 elementor-widget elementor-widget-spacer\" data-id=\"6b048c5\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b8fa588 elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b8fa588\" data-element_type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5e5ff97\" data-id=\"5e5ff97\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-6145a5b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6145a5b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-07d83ee\" data-id=\"07d83ee\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1b7be0f elementor-widget elementor-widget-spacer\" data-id=\"1b7be0f\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-59ef8db elementor-widget elementor-widget-testimonial\" data-id=\"59ef8db\" data-element_type=\"widget\" data-widget_type=\"testimonial.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-testimonial-wrapper\">\n\t\t\t\t\t\t\t<div class=\"elementor-testimonial-content\"><p>We are excited to partner with Bettervest as we embark the most ambitious growth plans in our company history: expanding to new markets across Africa, increasing our production capacity and launching new product lines.<br \/>\nThis year alone BURN will manufacture and sell over 1.2 million stoves, employ over 1000 team members, and deliver life-changing impact to over 5 million customers. These all more than we have delivered in all previous years combined and just the beginning of our major scale-up across the African continent.<br \/>\nThrough our partnership with Bettervest and their unique crowd funding platform, we are grateful for the opportunity to utilize a key, timely source of capital for funding of our aggressive growth and to share our journey with an investor base committed to delivering environmental &amp; life changing solutions like BURN.<\/p>\n<\/div>\n\t\t\t\n\t\t\t\t\t\t<div class=\"elementor-testimonial-meta elementor-has-image elementor-testimonial-image-position-top\">\n\t\t\t\t<div class=\"elementor-testimonial-meta-inner\">\n\t\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-testimonial-image\">\n\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"4480\" height=\"4480\" src=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2020\/09\/Peter-Scott-CEO-Founder-of-BURN-Manufacturing.jpg\" class=\"attachment-full size-full wp-image-18814\" alt=\"\" srcset=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2020\/09\/Peter-Scott-CEO-Founder-of-BURN-Manufacturing.jpg 4480w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2020\/09\/Peter-Scott-CEO-Founder-of-BURN-Manufacturing-300x300.jpg 300w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2020\/09\/Peter-Scott-CEO-Founder-of-BURN-Manufacturing-1024x1024.jpg 1024w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2020\/09\/Peter-Scott-CEO-Founder-of-BURN-Manufacturing-150x150.jpg 150w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2020\/09\/Peter-Scott-CEO-Founder-of-BURN-Manufacturing-768x768.jpg 768w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2020\/09\/Peter-Scott-CEO-Founder-of-BURN-Manufacturing-1536x1536.jpg 1536w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2020\/09\/Peter-Scott-CEO-Founder-of-BURN-Manufacturing-2048x2048.jpg 2048w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2020\/09\/Peter-Scott-CEO-Founder-of-BURN-Manufacturing-440x440.jpg 440w\" sizes=\"(max-width: 4480px) 100vw, 4480px\" \/>\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-testimonial-details\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-testimonial-name\">Peter Scott<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-testimonial-job\">Founder &amp; CEO of BURN Manufacturing<\/div>\n\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b275164 elementor-widget elementor-widget-spacer\" data-id=\"b275164\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1c8268d elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1c8268d\" data-element_type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-93a5569\" data-id=\"93a5569\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-e1ee8a5 elementor-widget elementor-widget-spacer\" data-id=\"e1ee8a5\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-433750b elementor-widget elementor-widget-heading\" data-id=\"433750b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">The Borrower and Country Profile<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-ebc6bcf elementor-widget elementor-widget-spacer\" data-id=\"ebc6bcf\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-af6f098 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"af6f098\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-ccace13\" data-id=\"ccace13\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-dc449db elementor-widget elementor-widget-image\" data-id=\"dc449db\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"3540\" height=\"1192\" src=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2020\/09\/Burn-Logo_Stoves.png\" class=\"attachment-full size-full wp-image-18868\" alt=\"\" srcset=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2020\/09\/Burn-Logo_Stoves.png 3540w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2020\/09\/Burn-Logo_Stoves-300x101.png 300w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2020\/09\/Burn-Logo_Stoves-1024x345.png 1024w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2020\/09\/Burn-Logo_Stoves-768x259.png 768w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2020\/09\/Burn-Logo_Stoves-1536x517.png 1536w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2020\/09\/Burn-Logo_Stoves-2048x690.png 2048w\" sizes=\"(max-width: 3540px) 100vw, 3540px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-6cbc9e3\" data-id=\"6cbc9e3\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-acc2533 elementor-widget elementor-widget-text-editor\" data-id=\"acc2533\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Burn Cook Stove Emissions UG (haftungsbeschr\u00e4nkt)<\/strong><br \/>\nFalkstra\u00dfe 5<br \/>\n60487 Frankfurt, Germany<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-b914620\" data-id=\"b914620\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-eecaddd elementor-widget elementor-widget-text-editor\" data-id=\"eecaddd\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>BURN Manufacturing USA LLC,<\/strong><br \/><strong> Kenya Branch\u00a0\u00a0\u00a0 <\/strong><br \/>New Horizons Industrial Park<br \/>Ruiru, Kenya<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-inner-column elementor-element elementor-element-66ec754\" data-id=\"66ec754\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-52f2d37 elementor-widget elementor-widget-text-editor\" data-id=\"52f2d37\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Contact:<\/strong><br \/>\n+254 700 667 788 kenya@burnmfg.com<br \/>\n<a href=\"https:\/\/burnstoves.com\/\" target=\"_blank\" rel=\"noopener\">https:\/\/burnstoves.com\/<\/a><\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-00c2066 elementor-widget elementor-widget-spacer\" data-id=\"00c2066\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5b33bb3 elementor-widget elementor-widget-accordion\" data-id=\"5b33bb3\" data-element_type=\"widget\" data-widget_type=\"accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion\">\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-9561\" class=\"elementor-tab-title\" data-tab=\"1\" role=\"button\" aria-controls=\"elementor-tab-content-9561\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Companies involved<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-9561\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"1\" role=\"region\" aria-labelledby=\"elementor-tab-title-9561\"><p><strong>Burn Cook Stove Emissions UG (haftungsbeschr\u00e4nkt): Issuer and borrower<\/strong><\/p>\n<p>The special purpose entity Burn Cook Stove Emissions UG (haftungsbeschr\u00e4nkt) KG is based in Germany and acts as the borrower in this project. The task of this special purpose entity is to forward the collected money of the crowdinvestors as a project loan to the project owner on site, BURN Manufacturing USA LLC Kenya Branch (BMUKB). Burn Cook Stove Emissions UG (haftungsbeschr\u00e4nkt)  will not engage in any other business activities during the entire term of the loan. Shareholder and managing director of Burn Cook Stove Emissions UG (haftungsbeschr\u00e4nkt)  are independent from the project owner BMUKB.<\/p>\n<p><strong><br \/>\nBURN: <\/strong><\/p>\n<p><strong>BURN Manufacturing Company (BURN Manufacturing): parent company <\/strong><\/p>\n<p>BURN Manufacturing Company was founded in 2011 by Peter Scott in the United States. The company comprises several local entities through which it is active in several African countries. In Kenya, BURN Manufacturing operates through its branch BURN Manufacturing USA LLC Kenya Branch (BMUKB), a 100% subsidiary which started operations in 2013.<\/p>\n<p>In addition to Kenya, BURN Manufacturing has been operating in Somalia and Somaliland since 2016, where it has seen steadily growing sales. As part of its expansion plans, BURN Manufacturing aims to offer its cookstoves in several other African countries by 2024, including Tanzania, Ethiopia, Ghana, Democratic Republic of Congo, Rwanda, Mozambique and in Nigeria. As part of this, BURN Manufacturing plans to restructure and expand its product line.<\/p>\n<p>The company employs more than 1000 team members worldwide and has sold over 1.6 mio. energy-efficient cookstoves until today. BURN Manufacturing has generated a total of \u20ac40.98 mio. ($41 mio.) in revenue since selling its first cookstove in 2014, of which \u20ac11.7 mio. ($11.7 mio.) was generated in 2021 alone. In addition, since 2018, BURN Manufacturing&#8217;s net income and equity have been positive. By 2027, BURN Manufacturing aims to increase net profit from \u20ac3 mio. ($3.0 mio.) in 2020 to over \u20ac99.96 mio. ($100 mio.).<\/p>\n<p>BURN Manufacturing has already received several awards for its business model. Among them, the company received the 2018 Bloomberg New Energy Pioneers Award for global leadership in developing clean energy solutions, the 2018 Swiss Energy and Climate Summit Award for a pitch on the impact of clean stoves, and the 2015 Ashden Green Energy International Award \u2013 the Oscars of energy sector awards \u2013 for empowering women through new economic opportunities. In 2020, BURN Manufacturing received the LEAP Affordability Award for its electric pressure cooker (model BURN MY-8001) for offering the best overall value to the end user based on unit price, estimated cost of ownership, overall performance and cooking capacity.<\/p>\n<p><strong><br \/>\nBURN Manufacturing USA LLC Kenya Branch (BMUKB): Project Owner<\/strong><\/p>\n<p>BURN Manufacturing USA LLC Kenya Branch (BMUKB) is a 100% subsidiary of BURN Manufacturing Company (based in the USA) and started operations in 2013. At its facility in the town of Ruiru, Kenya, BMUKB designs, manufactures and distributes Africa&#8217;s best-selling, longest-lasting and most economical cookstoves and has established itself as the market leader in Kenya. The company focuses on innovative research and design, efficient production and excellent customer support. <\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-9562\" class=\"elementor-tab-title\" data-tab=\"2\" role=\"button\" aria-controls=\"elementor-tab-content-9562\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Organisational structure of BURN<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-9562\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"2\" role=\"region\" aria-labelledby=\"elementor-tab-title-9562\"><p><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-38203 size-full\" src=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/11\/20221123_BURN2_Firmenstruktur.png\" alt=\"\" width=\"4638\" height=\"2387\" srcset=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/11\/20221123_BURN2_Firmenstruktur.png 4638w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/11\/20221123_BURN2_Firmenstruktur-300x154.png 300w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/11\/20221123_BURN2_Firmenstruktur-1024x527.png 1024w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/11\/20221123_BURN2_Firmenstruktur-768x395.png 768w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/11\/20221123_BURN2_Firmenstruktur-1536x791.png 1536w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/11\/20221123_BURN2_Firmenstruktur-2048x1054.png 2048w\" sizes=\"(max-width: 4638px) 100vw, 4638px\" \/><\/p>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-accordion-item\">\n\t\t\t\t\t<div id=\"elementor-tab-title-9563\" class=\"elementor-tab-title\" data-tab=\"3\" role=\"button\" aria-controls=\"elementor-tab-content-9563\" aria-expanded=\"false\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon elementor-accordion-icon-left\" aria-hidden=\"true\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-closed\"><i class=\"fas fa-plus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t<span class=\"elementor-accordion-icon-opened\"><i class=\"fas fa-minus\"><\/i><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<a class=\"elementor-accordion-title\" tabindex=\"0\">Country profile<\/a>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"elementor-tab-content-9563\" class=\"elementor-tab-content elementor-clearfix\" data-tab=\"3\" role=\"region\" aria-labelledby=\"elementor-tab-title-9563\"><p>When making investment decisions, it is advisable to find out in advance about the project location, especially the country in which the project will be implemented.<br \/>\nTo get an overview, the following indicators are a helpful starting point for independent research. The information was retrieved from the relevant data sources in January 2023 and is published without guarantee.<\/p>\n<table class=\"table table-bordered table-striped table-condensed custom\">\n<tbody>\n<tr>\n<th>INDICATOR<\/th>\n<th>RATING KENYA<\/th>\n<\/tr>\n<tr>\n<td>Euler Hermes Ranking<\/td>\n<td>Euler Hermes hat das Risiko der Nicht-Zahlung von kenianischen Unternehmen mit <b>&#8220;sensitive risk&#8221;<\/b> bewertet und auf einer Skala von AA bis D mit <b>C3<\/b> gerated (Quellen: Euler Hermes <a href=\"https:\/\/www.allianz-trade.de\/wissen\/handelsrisiken\/laenderrisiken.html\" target=\"_blank\" rel=\"noopener\">Country Risk Map)<\/a><\/td>\n<\/tr>\n<tr>\n<td>OECD Klassifizierung<\/td>\n<td>Die OECD klassifiziert das allgemeine L\u00e4nderrisiko Kenias auf einer Skala von 0 (geringes Risiko) bis 7 (hohes Risiko) mit <strong>7<\/strong><b> <\/b>(Quellen: OECD <a href=\"http:\/\/www.oecd.org\/tad\/xcred\/crc.htm\">Country Risk Classification<\/a> und OECD <a href=\"https:\/\/www.oecd.org\/trade\/topics\/export-credits\/documents\/cre-crc-current-english.pdf\" target=\"_blank\" rel=\"noopener\">Ranking 2022<\/a>).<\/td>\n<\/tr>\n<tr>\n<td>Korruptionsindex (Transparency International)<\/td>\n<td>Der Korruptionsindex, der von Transparency International ver\u00f6ffentlicht wird und auf einer Basis von 0 (hohes Ma\u00df an Korruption) &#8211; 100 (keine wahrgenommene Korruption) bemessen wird, liegt in Kenia bei <b>30<\/b> (Quelle: <a href=\"https:\/\/www.transparency.de\/cpi\/\" target=\"_blank\" rel=\"noopener\">Transparency International 2021<\/a>).<b> <\/b><\/td>\n<\/tr>\n<tr>\n<td>Commercial Bank Prime Lending Rate<\/td>\n<td>Die Commercial Bank Prime Lending Rate zeigt auf, welchen Durchschnitt an annualisierten Zinsraten lokale Gesch\u00e4ftsbanken ihren kreditw\u00fcrdigsten Kunden f\u00fcr neue Kredite in der Landesw\u00e4hrung berechnen. Bei Kenia lag die Commercial Bank Prime Lending Rate im September 2022 bei <b>12,41% <\/b>(Quelle: <a href=\"https:\/\/tradingeconomics.com\/kenya\/bank-lending-rate\" target=\"_blank\" rel=\"noopener\">Trading Economics 2022<\/a>).<\/td>\n<\/tr>\n<tr>\n<td>Kreditw\u00fcrdigkeit (Moody&#8217;s)<\/td>\n<td>Moody&#8217;s hat die Kreditw\u00fcrdigkeit von kenianischen Staatsanleihen auf einer Skala von AAA bis D mit <b>B2<\/b> bewertet und somit als spekulativ eingestuft (Quelle: <a href=\"https:\/\/tradingeconomics.com\/kenya\/rating\" target=\"_blank\" rel=\"noopener\">Trading Economics 2022<\/a>)<\/td>\n<\/tr>\n<tr>\n<td>Devisenmarkt (Bundesbank)<\/td>\n<td>In den letzten f\u00fcnf Jahren ist der Devisenpreis f\u00fcr den Euro in Kenia leicht gesunken, vor f\u00fcnf Jahren lag der Preis bei 122,42 Kenia-Shilling, vor einem Jahr bei 126,96 und heute liegt der Preis bei <strong>121,09<\/strong><b> Kenia-Shilling <\/b>(Quelle: <a href=\"https:\/\/www.bundesbank.de\/dynamic\/action\/de\/statistiken\/zeitreihen-datenbanken\/zeitreihen-datenbank\/723452\/723452?listId=www_s331_kes_eur_me&amp;tsId=BBEX3.M.KES.EUR.CA.AC.A01&amp;dateSelect=2022\" target=\"_blank\" rel=\"noopener\">Bundesbank 2022<\/a>).<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dbb465e elementor-widget elementor-widget-spacer\" data-id=\"dbb465e\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-51a12ff elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"51a12ff\" data-element_type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-eeaa367\" data-id=\"eeaa367\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3bbd758 elementor-widget elementor-widget-spacer\" data-id=\"3bbd758\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-5c5fc87 gallery-spacing-custom elementor-widget__width-inherit elementor-widget elementor-widget-image-gallery\" data-id=\"5c5fc87\" data-element_type=\"widget\" data-widget_type=\"image-gallery.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-image-gallery\">\n\t\t\t<div id='gallery-1' class='gallery galleryid-39182 gallery-columns-4 gallery-size-medium_large'><figure class='gallery-item'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-slideshow=\"5c5fc87\" data-elementor-lightbox-title=\"CUSTOMER33-min\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MjI2NzgsInVybCI6Imh0dHBzOlwvXC93d3cuYmV0dGVydmVzdC5jb21cL3dwLWNvbnRlbnRcL3VwbG9hZHNcLzIwMjFcLzA3XC9DVVNUT01FUjMzLW1pbi1lMTYyNzQ3NjE4MzMyNy5qcGciLCJzbGlkZXNob3ciOiI1YzVmYzg3In0%3D\" href='https:\/\/www.bettervest.com\/wp-content\/uploads\/2021\/07\/CUSTOMER33-min-e1627476183327.jpg'><img loading=\"lazy\" decoding=\"async\" width=\"768\" height=\"512\" src=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2021\/07\/CUSTOMER33-min-768x512.jpg\" class=\"attachment-medium_large size-medium_large\" alt=\"BURN\" srcset=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2021\/07\/CUSTOMER33-min-768x512.jpg 768w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2021\/07\/CUSTOMER33-min-300x200.jpg 300w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2021\/07\/CUSTOMER33-min-1024x683.jpg 1024w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2021\/07\/CUSTOMER33-min-1536x1024.jpg 1536w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2021\/07\/CUSTOMER33-min-2048x1365.jpg 2048w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/a>\n\t\t\t<\/div><\/figure><figure class='gallery-item'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a 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https:\/\/www.bettervest.com\/wp-content\/uploads\/2021\/07\/Production-team-working-on-JIKOKOA-PRO-min-1-300x200.jpg 300w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2021\/07\/Production-team-working-on-JIKOKOA-PRO-min-1-1024x683.jpg 1024w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2021\/07\/Production-team-working-on-JIKOKOA-PRO-min-1-1536x1024.jpg 1536w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2021\/07\/Production-team-working-on-JIKOKOA-PRO-min-1-2048x1365.jpg 2048w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/a>\n\t\t\t<\/div><\/figure><figure class='gallery-item'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-slideshow=\"5c5fc87\" data-elementor-lightbox-title=\"Risper Nyawira-min\" 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1536w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2021\/07\/Risper-Nyawira-min-2048x1516.jpg 2048w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/a>\n\t\t\t<\/div><\/figure><figure class='gallery-item'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-slideshow=\"5c5fc87\" data-elementor-lightbox-title=\"Pics5\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MzgzNzMsInVybCI6Imh0dHBzOlwvXC93d3cuYmV0dGVydmVzdC5jb21cL3dwLWNvbnRlbnRcL3VwbG9hZHNcLzIwMjJcLzExXC9QaWNzNS1lMTY2OTcyOTkwMzk4My5qcGciLCJzbGlkZXNob3ciOiI1YzVmYzg3In0%3D\" href='https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/11\/Pics5-e1669729903983.jpg'><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"520\" src=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2022\/11\/Pics5-e1669729903983.jpg\" class=\"attachment-medium_large size-medium_large\" alt=\"\" \/><\/a>\n\t\t\t<\/div><\/figure><figure class='gallery-item'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-slideshow=\"5c5fc87\" data-elementor-lightbox-title=\"Production Team working on KUNIOKOA TURBO-min\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MjI2ODcsInVybCI6Imh0dHBzOlwvXC93d3cuYmV0dGVydmVzdC5jb21cL3dwLWNvbnRlbnRcL3VwbG9hZHNcLzIwMjFcLzA3XC9Qcm9kdWN0aW9uLVRlYW0td29ya2luZy1vbi1LVU5JT0tPQS1UVVJCTy1taW4tZTE2Mjc0NzYwMzQ3MzMuanBnIiwic2xpZGVzaG93IjoiNWM1ZmM4NyJ9\" href='https:\/\/www.bettervest.com\/wp-content\/uploads\/2021\/07\/Production-Team-working-on-KUNIOKOA-TURBO-min-e1627476034733.jpg'><img loading=\"lazy\" decoding=\"async\" width=\"768\" height=\"578\" src=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2021\/07\/Production-Team-working-on-KUNIOKOA-TURBO-min-768x578.jpg\" class=\"attachment-medium_large size-medium_large\" alt=\"\" srcset=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2021\/07\/Production-Team-working-on-KUNIOKOA-TURBO-min-768x578.jpg 768w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2021\/07\/Production-Team-working-on-KUNIOKOA-TURBO-min-300x226.jpg 300w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2021\/07\/Production-Team-working-on-KUNIOKOA-TURBO-min-1024x771.jpg 1024w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2021\/07\/Production-Team-working-on-KUNIOKOA-TURBO-min-1536x1156.jpg 1536w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2021\/07\/Production-Team-working-on-KUNIOKOA-TURBO-min-2048x1541.jpg 2048w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/a>\n\t\t\t<\/div><\/figure><figure class='gallery-item'>\n\t\t\t<div class='gallery-icon landscape'>\n\t\t\t\t<a data-elementor-open-lightbox=\"yes\" data-elementor-lightbox-slideshow=\"5c5fc87\" data-elementor-lightbox-title=\"DCIM100MEDIADJI_0711.JPG\" data-e-action-hash=\"#elementor-action%3Aaction%3Dlightbox%26settings%3DeyJpZCI6MTg4NjQsInVybCI6Imh0dHBzOlwvXC93d3cuYmV0dGVydmVzdC5jb21cL3dwLWNvbnRlbnRcL3VwbG9hZHNcLzIwMjBcLzA5XC9FeHRlcmlvci1waG90by1vZi10aGUtZmFjdG9yeS1lMTYyNzQ3NjE1OTg2NC5qcGciLCJzbGlkZXNob3ciOiI1YzVmYzg3In0%3D\" href='https:\/\/www.bettervest.com\/wp-content\/uploads\/2020\/09\/Exterior-photo-of-the-factory-e1627476159864.jpg'><img loading=\"lazy\" decoding=\"async\" width=\"768\" height=\"576\" src=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2020\/09\/Exterior-photo-of-the-factory-768x576.jpg\" class=\"attachment-medium_large size-medium_large\" alt=\"\" aria-describedby=\"gallery-1-18864\" srcset=\"https:\/\/www.bettervest.com\/wp-content\/uploads\/2020\/09\/Exterior-photo-of-the-factory-768x576.jpg 768w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2020\/09\/Exterior-photo-of-the-factory-300x225.jpg 300w, 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https:\/\/www.bettervest.com\/wp-content\/uploads\/2020\/09\/2eKod5es-1536x1024.jpeg 1536w, https:\/\/www.bettervest.com\/wp-content\/uploads\/2020\/09\/2eKod5es-2048x1365.jpeg 2048w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><\/a>\n\t\t\t<\/div><\/figure>\n\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-83e6da4 elementor-widget elementor-widget-spacer\" data-id=\"83e6da4\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c7885e2 elementor-section-stretched elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c7885e2\" data-element_type=\"section\" data-settings=\"{&quot;stretch_section&quot;:&quot;section-stretched&quot;,&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-c4b8a36\" data-id=\"c4b8a36\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a444393 elementor-widget elementor-widget-spacer\" data-id=\"a444393\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-600f5c9 elementor-widget elementor-widget-heading\" data-id=\"600f5c9\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Key figures<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-66aeba3 elementor-widget elementor-widget-text-editor\" data-id=\"66aeba3\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<table style=\"height: 313px;\" width=\"377\">\n<tbody>\n<tr>\n<td>Borrower<\/td>\n<td>Burn Cook Stove Emissions UG (haftungsbeschr\u00e4nkt)<\/td>\n<\/tr>\n<tr>\n<td>Type of investment<\/td>\n<td>Subordinated Loan<\/td>\n<\/tr>\n<tr>\n<td>Funding volume<\/td>\n<td>EUR 2,266,300.00<\/td>\n<\/tr>\n<tr>\n<td>Term<\/td>\n<td>5 years<\/td>\n<\/tr>\n<tr>\n<td>Interest<\/td>\n<td>6.0% p.a. (7.0% p.a. for an investment in the first four weeks)<\/td>\n<\/tr>\n<tr>\n<td>Repayment of principal and interest<\/td>\n<td>annuity<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-475edc8\" data-id=\"475edc8\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-a910f3d project_attachments\" data-id=\"a910f3d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-1039bd6 elementor-widget elementor-widget-spacer\" data-id=\"1039bd6\" data-element_type=\"widget\" data-widget_type=\"spacer.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<div class=\"elementor-spacer\">\n\t\t\t<div class=\"elementor-spacer-inner\"><\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-dc07b26 elementor-widget elementor-widget-heading\" data-id=\"dc07b26\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Documents<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-e51ac0b elementor-widget elementor-widget-html\" data-id=\"e51ac0b\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<style>\r\n    \/* additional project attachments page CSS *\/\r\n\r\n    .preact-app-project-documents {font-family: \"Fira Sans\", Sans-serif;}\r\n<\/style>\r\n<div class=\"react-app-project-documents\"><\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1e23423 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1e23423\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-f53935d\" data-id=\"f53935d\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-144bb4d elementor-widget elementor-widget-html\" data-id=\"144bb4d\" data-element_type=\"widget\" data-widget_type=\"html.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<style>\r\n\/* additional project page CSS *\/\r\n    \r\n    .rich-header {\r\n        border: 10px solid red;\r\n        display: none !important;\r\n    }  \r\n    .bettervest_project_header {\r\n        background: #FFF !important;\r\n        padding: 0;\r\n        margin: 0;\r\n    }\r\n    .bettervest_project_header .elementor-column-wrap{\r\n        background: #FFF !important;\r\n        padding: 0 !important;\r\n        margin: 0 !important;\r\n    }\r\n    @media only screen and (min-width: 1100px) {\r\n        #nz-content:not(.padding-false) {\r\n            margin-top: -35px !important;\r\n        }\r\n    }\r\n    .bettervest #project .stage {\r\n        height: auto !important;\r\n        min-height: 565px;\r\n    }\r\n    #howtoBtn {\r\n        color: #FFF !important;\r\n    }\r\n    \r\n    .ant-btn[disabled] {\r\n        background: rgba(255,255,255,.5) !important;\r\n        padding-left: 15px!important;\r\n        padding-right: 15px!important;\r\n    }\r\n<\/style>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Help the leader of energy efficient cookstoves in Kenya expand to 7 African countries, make clean cooking accessible to millions &#038; enable the saving of 934,400 tons of CO2 per year! https:\/\/youtu.be\/s_jYXH8285M For subtitles, please press the CC button at the bottom right of the screen. 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