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Eugenio
Eugenio depends on firewood as the primary fuel source on his farm but due to deforestation, it is becoming scarcer and more expensive. Eugenio is investing in a 10 cubic meter biodigester primarily for the production of renewable, methane-rich biogas. This clean fuel source will allow his wife to stop cooking with firewood, reducing her exposure to smoke and soot.

The family will also use this fuel in their boiler, providing them with hot water for the bathroom. Additionally, Eugenio will use the fertilizer generated by his biodigester on his maize, alfalfa, and bean crops. This loan represents 29% of the total cost of his 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
  • 16
    View loans »
    Mexico Loans Fundraising
  • $18,610,225
    Funds lent in using Kiva
  • 12.9
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A loan of $600 helped Eugenio to purchase a 10 cubic meter Sistema Biobolsa biodigester.
100% repaid
Repayment Term
10 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 13, 2012
Listed
Dec 7, 2012
Currency Exchange Loss:
Covered
Ended:
Feb 17, 2014