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Carlos
Carlos is requesting this loan to buy a Sistema Biobolsa biodigester, which turns organic waste, such as maunure from his pigs and sheep, into fertilizer and renewable energy. He wants to do this because he and and his family are being negatively affected by the rising costs of fertilizer and liquid propane gas. As farming is their only source of income, they are constantly seeking lower production costs. The biodigester will dramatically reduce the amount of agrochemical fertilizer they use on their maize, alfalfa, sorghum, and pepper crops while also decreasing their non-renewable LP gas use in the kitchen and shower. This Kiva loan will help him cover 55 percent of the system's price.

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
  • 8
    View loans »
    Mexico Loans Fundraising
  • $17,731,700
    Funds lent in using Kiva
  • 13.4
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A loan of $925 helped Carlos to buy a machine which turns organic waste into fertilizer and renewable fuel.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Disbursed:
Aug 23, 2012
Listed
Jul 26, 2012
Currency Exchange Loss:
Covered
Ended:
Mar 27, 2013