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Fidel
Fidel is a young rabbit farmer from Tlaxcala interested in adopting new technologies to make his farm more economically viable. He is investing in a 20 cubic meter Sistema Biobolsa biodigester to take advantage of the rabbit waste on his farm. His system will use the waste to produce renewable biofuel and potent biofertilizer, allowing him to move away from expensive and fossil-fuel based liquefied petroleum gas and agrochemical fertilizers. This loan represents 52% 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.

Tags

About Mexico

  • $15,600
    Average annual income
  • 20
    View loans »
    Mexico Loans Fundraising
  • $19,058,800
    Funds lent in using Kiva
  • 13.0
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,900 helped Fidel to purchase a 20 cubic meter Sistema Biobolsa biodigester, turning waste from his rabbit farm into renewable fuel and fertilizer.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 14, 2013
Listed
Aug 27, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2014