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Pedro
Pedro is a dairy producer from Tlaxcalan who makes most of his money selling artisanal yogurt. The heat required to produce his dairy products forces Pedro to spend hundreds of pesos every month on liquefied petroleum gas, an increasingly expensive fossil fuel. With his 10 cubic meter Sistema Biobolsa biodigester, he will treat the abundant cow waste available on his farm to produce renewable, free biogas and potent biofertilizer. This will result in significant savings and decrease the negative environmental impact of Pedro's farm. This loan represents 46% 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
  • 1
    View loans »
    Mexico Loans Fundraising
  • $17,740,600
    Funds lent in using Kiva
  • 13.2
    Mexico Pesos (MXN) = $1 USD

Success!! The loan was 100% repaid

A loan of $1,150 helped Pedro to purchase a 10 cubic meter Sistema Biobolsa biodigester.
100% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Aug 20, 2013
Listed
Sep 1, 2013
Currency Exchange Loss:
Covered
Ended:
Oct 17, 2014