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Hilario
As Hilario's dairy farm is the only source of income for his family, he is constantly trying to reduce his operating costs. With a 20 cubic meter biodigester, he will be able to take advantage of a resource he is currently not utilizing - the several thousand kilograms of cow waste produced yearly on his farm. With his biodigester, he will turn this "waste" into valuable resources.

The biogas generated by the system will result in decreased fuel costs and the fertilizer production will save him from spending on the agrochemical products he is currently using. Moreover, these benefits will not be limited to just his farm; by reducing his dependence on fossil fuels and their products, Hilario's biodigester will reduce his farm's impact on the environment. This system represents 50% of the total price of his system.

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
  • $17,541,200
    Funds lent in using Kiva
  • 12.9
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,450 helped Hilario to purchase a 20 cubic meter Sistema Biobolsa biodigester.
100% repaid
Repayment Term
9 months (Additional Information)
Repayment Schedule
Monthly
Pre-Disbursed:
Nov 16, 2012
Listed
Dec 7, 2012
Currency Exchange Loss:
Covered
Ended:
Sep 17, 2013