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.
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.
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Success!! The loan was 100% repaid