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Catalino
Catalino is a dairy producer worried about the environmental damage caused by his and other farms. He can see the damage caused in the local watersheds due to fertilizer and manure run-offs, and is extremely concerned about the environment in his region moving forward. He is investing in a 10 cubic meter Sistema Biobolsa biodigester because he wants to reduce the negative environmental impacts that his own farm makes. The biodigester will allow him to more effectively treat the abundant cow manure on his farm, in addition to generating a methane-rich biogas. The biogas will displace the non-renewable propane Catalino's family currently uses to cook and heat bathwater. The biodigester will also produce a potent biofertilizer, allowing Catalino to improve yields without having to buy increasing amounts of petroleum-based fertilizers, saving money and the environment. This loan represents 42% of the total cost of his Sistema Biobolsa biodigester and biogas 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
  • 2
    View loans »
    Mexico Loans Fundraising
  • $17,777,925
    Funds lent in using Kiva
  • 12.9
    Mexico Pesos (MXN) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $1,050 helped Catalino to buy an environmentally-friendly biodigester and biogas stove.
8% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 23, 2014
Listed
May 31, 2014
Currency Exchange Loss:
Possible