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Ricardo Felipe
Ricardo, who has been farming for over 40 years, prides himself on his maize yields. However, he has noticed that his soils just don't produce like they used to. Ricardo hopes to return life to his soils in the form of liquid biofertilizer, generated using his 40 cubic meter Sistema Biobolsa biodigester. Through the purchase of his system, he expects to increase yield while concurrently decreasing input costs and reducing the environmental impact of his farm due to better waste management and decreased agrochemical fertilizer use. This loan represents 70% of the total cost of his Sistema Biobolsa biodigester.

Additional Information

More information about this loan

This loan is larger than typical loans offered by this partner. It is designed to finance the installation of Sistema Biobolsa biodigesters at larger farms using generators to produce electricity and offset their energy costs. These types of loans cover the purchase of one or several biodigesters, averaging around $8,000 with a loan repayment maximum of 12 months.

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.

Tags

About Mexico

  • $11,249
    Average annual income
  • 8
    View loans »
    Mexico Loans Fundraising
  • $17,731,700
    Funds lent in using Kiva
  • 12.9
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A loan of $4,000 helped Ricardo Felipe to purchase a 40 cubic meter Sistema Biobbolsa biodigester.
100% repaid
Repayment Term
13 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jun 14, 2013
Listed
Jun 28, 2013
Currency Exchange Loss:
Covered
Ended:
Jan 17, 2015