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Jose Luis
José Luis and his three brothers will use their Sistema Biobolsa biodigester to reduce the costs of their dairy farm. From Hidalgo, the four inherited the farm from their father and want to maintain the tradition, while also investing to lower costs and improve yields. With a 6 cubic meter biodigester, the cow manure will be processed, producing renewable energy in the form of biogas and organic fertilizer, which will then be applied to the crops used to feed the animals. By replacing agrochemical fertilizer and non-renewable LP gas use on their farm, the brothers will reduce their costs and their environmental footprint while maintaining their family legacy. This Kiva loan will be used to fund 84% 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

  • $15,600
    Average annual income
  • 23
    View loans »
    Mexico Loans Fundraising
  • $19,050,125
    Funds lent in using Kiva
  • 13.0
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Jose Luis to purchase a 6 cubic meter Sistema Biobolsa biodigester.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 12, 2012
Listed
Sep 19, 2012
Currency Exchange Loss:
Covered
Ended:
Aug 18, 2013