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José Luis
José Luis strives to be the model farmer. He's proud of his animals and crops and it shows in how healthy they look and in the organization readily apparent to anyone who sets foot on his farm. It's also apparent that he runs everything on a shoestring budget. He is investing in a 16 cubic meter Sistema Biobolsa bio-digester to save more money, save the environment, and serve as an example within his community of how things can be done without having to resort to fossil fuels and expensive agro-chemical fertilizers.

His system will convert the abundant supply of manure produced by his dairy cows into renewable bio-gas and potent bio-fertilizer. His family will use the bio-gas in the Biobolsa stove included in the biodigester kit to replace the liquefied petroleum gas they currently use to cook and heat bathwater. José Luis will start using the bio-fertilizer to his plot to regenerate the soil and improve farm yields without spending money on fossil-fuel based fertilizers. This loan represents 47% of the total cost of his Sistema Biobolsa bio-digester and two burner stove.

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
  • $18,557,900
    Funds lent in using Kiva
  • 13.0
    Mexico Pesos (MXN) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,475 helped José Luis to pay for a 16 cubic meter Sistema Biobolsa bio-digester and the included stove.
96% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Oct 1, 2013
Listed
Oct 23, 2013
Currency Exchange Loss:
Possible
Ended:
May 17, 2015