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Román
Román (who is on the right in the photo, pictured with his wife, son and daughter)and his family have farmed the rolling plains of Tepeaca for generations. In recent years, rising energy and fertilizer costs have made it harder for their farm to generate a livable income. In order to reduce their expenses, Román will use a 6 cubic meter Sistema Biobolsa biodigester to generate the energy required by his family. They will use renewable biogas in the kitchen and bathroom, to cook and to heat bath water, replacing their LP gas use. The biodigester will also convert their cow manure into a powerful fertilizer for use on their maize, beans, cilantro, and lettuce. This loan represents 52% of the total cost of Román's Sistema Biobolsa biodigester.

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
  • 13
    View loans »
    Mexico Loans Fundraising
  • $17,543,950
    Funds lent in using Kiva
  • 12.9
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A loan of $650 helped Román to purchase a 6 cubic meter Sistema Biobolsa biodigester.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Sep 27, 2012
Listed
Oct 30, 2012
Currency Exchange Loss:
Covered
Ended:
Jun 17, 2013