Check out some available loans that are similar to this one!
Luis Octavio
Luis Octavio is an enthusiastic hog farmer from Morelos. His neighbors aren't nearly as excited; Luis Octavio lives in an urban zone and the flies and smells from the abundant manure generated daily are a local nuisance. Luis is investing in a 40 cubic meter Sistema Biobolsa biodigester to treat his hog waste, resulting in multiple benefits. First off, the digester will process the waste, removing odors and resulting in a potent biofertilizer that does not attract flies. Luis Octavio will use the biofertilizer resulting from this process to help improve his crops without having to resort to expensive, fossil-fuel derived agrochemical fertilizers. The other byproduct generated by the biodigester will be a renewable methane-rich biogas - a clean and essentially free energy source. He will use the biogas produced from his pig waste to cook, heat bathwater, and heat water used to clean his animals' pens, allowing him to replace the non-renewable propane he currently uses.

His digester will help him improve his relationship with his neighbors in addition to turning waste into multiple resources, resulting in social and economic improvements. This loan represents 80% of the total loan of his Biobolsa system.

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
  • 4
    View loans »
    Mexico Loans Fundraising
  • $17,325,200
    Funds lent in using Kiva
  • 13.1
    Mexico Pesos (MXN) = $1 USD
Paying Back - Currency Exchange Loss

This loan has been fully funded!

A loan of $4,100 helped Luis Octavio to buy a Sistema Biobolsa biodigester.
58% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jan 7, 2014
Listed
Jan 14, 2014
Currency Exchange Loss:
Possible