José Francisco
José Francisco, a dairy farmer in Mexico State, processes much of his milk into cheese and yogurt because he can sell them at higher and more stable prices than milk. However, production is energy intensive and requires multiple tanks of non-renewable and expensive LP gas per month. That is why he is requesting a loan to buy a 16-cubic-meter Sistema Biobolsa biodigester that will convert the abundant cow manure on his farm into renewable fuel, and give him a cleaner, more environmentally-friendly and cheaper energy source. The system will also generate hundreds of liters of fertilizer per day for use on the maize and alfalfa he uses as animal feed. This loan represents almost half of the total cost of the Sistema Biobolsa biodigester he plans to buy.

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
  • 24
    View loans »
    Mexico Loans Fundraising
  • $18,365,750
    Funds lent in using Kiva
  • 13.0
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,075 helped José Francisco to buy a biodigester, which converts animal waste into fuel.
100% repaid
Repayment Term
8 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 16, 2012
Listed
Nov 29, 2012
Currency Exchange Loss:
Covered
Ended:
Jul 17, 2013