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Federico
Federico's family of eight use a lot of non-renewable LP gas for bathing and making tortillas. The renewable biogas he will produce from his Sistema Biobolsa biodigester will reduce a large cost for the family by providing the fuel necessary for most of their cooking and bathing needs. The waste from his dairy cows, chickens and turkeys will be converted into organic fertilizer for his peach orchard and his alfalfa and corn crops. This allows him to save a lot of money on chemical fertilizers and will reduce odor and insects near his house.

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

  • $11,249
    Average annual income
  • 4
    View loans »
    Mexico Loans Fundraising
  • $17,308,100
    Funds lent in using Kiva
  • 13.7
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A loan of $750 helped Federico to purchase a 20 cubic meter Sistema Biobolsa biodigester.
100% repaid
Repayment Term
7 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Apr 27, 2012
Listed
May 16, 2012
Currency Exchange Loss:
Covered
Ended:
Oct 24, 2012