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Vicente
Vicente (pictured from left to right with his daughter, father and wife) and his family are farmers who live in the foothills of the Malinche volcano in the state of Tlaxcala. Because they live in relative isolation, they have to be as self-sufficient as possible.


To move toward self-sufficiency, Vicente wishes to buy Sistema Biobolsa’s 20-cubic-meter biodigester. This equipment will allow them to produce their own renewable energy, so reducing their reliance on firewood and the liquid propane gas tanks they have to bring up the mountain. This system will also allow them to produce their own high-quality fertilizer.


To help him purchase this system, he is applying for a 15,462 MXN loan from this company to pay for 36% of the biodigester’s cost.

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
  • 7
    View loans »
    Mexico Loans Fundraising
  • $17,362,500
    Funds lent in using Kiva
  • 13.0
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,200 helped Vicente to purchase a 20-cubic-meter Sistema Biobolsa biodigester.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Oct 19, 2012
Listed
Nov 7, 2012
Currency Exchange Loss:
Covered
Ended:
May 24, 2013