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Angel
Angel will use his biodigester to process his animals' waste, which will reduce the odors that are currently plaguing his farm. Since he lives in an urban zone, this difference will be a huge improvement for both him and his neighbors. The waste from his cows and pigs will also allow him to decrease his natural gas use and favor the renewable biogas generated by his 8 cubic meter biodigester. The treated waste will provide him with a potent organic fertilizer, which he will use instead of the agrochemical fertilizer he currently pays thousands of pesos a year for. This Kiva loan will be used to fund 80% 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
  • 43
    View loans »
    Mexico Loans Fundraising
  • $18,365,700
    Funds lent in using Kiva
  • 13.0
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,475 helped Angel to purchase an 8 cubic meter biodigester.
100% repaid
Repayment Term
15 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Aug 29, 2012
Listed
Sep 19, 2012
Currency Exchange Loss:
Covered
Ended:
Aug 18, 2013