- Investment Opportunities
- Clean Cooking
Burn Manufacturing
*This is a non-binding indication of interest and does not create an obligation to invest.
Burn Manufacturing Company (https://www.burnstoves.com/ ) is a pioneering enterprise dedicated to saving lives and forests in Sub-Saharan Africa through the design, manufacture, and distribution of clean burning cookstoves. Founded in 2011 by Peter Scott, a seasoned expert in the clean cooking industry with over 13 years of experience as a cookstove consultant in Central America and Sub-Saharan Africa, Burn has established itself as the region's first and only modern cookstove manufacturing facility. Operating a solar-powered manufacturing plant in Kenya, Burn has a production capacity of 55,000 stoves per month and employs a workforce of around 300 individuals, with a notable 33% representation of women. Burn has sold over 4 million stoves and created 2,500 jobs since 2013.
Burn has also been able to reduce over 20 million tons of CO2 since 2013. Burn’s core products, Jikokoa (charcoal cookstove) and Kunikoa (firewood cookstove), cater to the cooking needs of a vast majority of households in the region that rely on wood or charcoal for cooking. Burn's strategic focus on customer-centric design and distribution has enabled it to expand its reach to 13 countries across Sub-Saharan Africa, it has a 25-person New Product Development team and aims to launch new products and increase its production capacity to 120,000 units per month. The company's dedication to sustainability and efficiency has been validated by independent studies from UC Berkeley and the University of Chicago, showcasing the significant societal impact of Burn's products. Burn's inclusive approach, strong business model, and commitment to customer service make it a leading force in the clean energy sector, driving positive change in Sub-Saharan Africa and beyond.
Sow Good Investments entered into a Memorandum of Understanding with Burn Manufacturing for loans purchase equipment and inventory which will be provided to Burn’s customers. The term of the loans is 24 months with interest at a rate of 8.5%. We anticipate signing definitive financing documents with Burn Manufacturing following the qualification of an offering and provided Sow Good Investments is able to successfully raise the minimum offering amount.
Once approved, an individual investment has the potential to earn 8% interest for a 2-year term. Sow Good intends to provide individuals the ability to invest in amounts ranging from $500-$20,000.
Disclosure: The company is “testing the waters” under the Securities Act of 1933. This process allows companies to determine whether there may be interest in an eventual offering of its securities. The company is not under any obligation to make an offering. It may choose to make an offering to some, but not all, of the people who indicate an interest in investing, and that offering might not be made. If the company does go ahead with an offering, it will only be able to make sales after it has filed an offering statement with the Securities and Exchange Commission (SEC) and the sec has “qualified” the offering statement. The information in that offering statement will be more complete than the information the company is providing now and could differ in important ways. You must read the documents filed with the sec before investing.
No money or other consideration is being solicited, and if sent in response, will not be accepted.
No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement filed by the company with the sec has been qualified by the sec. Any such offer may be withdrawn or revoked, without obligation or commitment of any kind, at any time before notice of acceptance given after the date of qualification.An indication of interest involves no obligation or commitment of any kind.