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Orlando
Orlando and his wife Barbara run two large flower greenhouses in San Lorenzo Chiautzingo, Puebla. They principally produce roses of a wide variety of colors that they sell throughout Mexico, packaged and prepared. Sometimes they dye white roses in a small workshop for special holidays, and they prepare different gift packages for mothers' day and Valentine's Day. Their greenhouses require high amounts of chemical fertilizer that costs them tens of thousands of pesos each year. The organic fertilizer from their Sistema BioBolsa biodigester will allow them to save lots of money, and will free them from having to work with so many synthetic chemicals. They will use the biogas to cook in their home and to heat water for bathing.

Additional Information

More information about this loan

Sistema Biobolsa is a distributor of small-scale, affordable biodigester systems that transform livestock waste into organic fertilizer for crops and biogas for cooking, heat and electricity. The company also provides farmers with education and financial assistance to help them use biodigesters to save money and improve their quality of life.

Sistema Biobolsa’s loan program began in early 2011, built on the fact that economic savings made possible by biodigesters could be used to pay back loans. However, because the company’s core business is not microfinance -- and because its partnership with Kiva is unique and unprecedented -- Kiva is unable to assign it a risk rating.

This Kiva loan will be used to provide borrowers with needed goods or services, as opposed to cash or financial credit

Repayment Schedule Note - For loans listed after June 18, 2013.

Even though the repayment schedule for this loan indicates that all repayments are to be made at the end of the loan term, lenders should expect repayments to be made prior to this time. Biobolsa borrowers are expected to make repayments to lenders as savings are realized from the use of the biodigester. Because these savings can be irregular, seasonal and/or unpredictable, Biobolsa has marked this loan as an end of term repayment schedule to avoid having their borrowers show up as incorrectly delinquent throughout the term of the loan.

About Mexico

  • $15,600
    Average annual income
  • 38
    View loans »
    Mexico Loans Fundraising
  • $19,077,825
    Funds lent in using Kiva
  • 13.0
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A loan of $475 helped Orlando to purchase a 6 cubic meter Sistema Biobolsa biodigester.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 3, 2012
Listed
May 4, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2013