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José Juan
José Juan and his wife believe in teaching their kids about sustainability. They rightfully believe that our future depends on reducing the waste we generate. The 10 cubic meter Sistema Biobolsa they are investing meshes perfectly with their vision. Using the system, they will be able to transform cow manure into biofuel - methane-rich biogas - to displace the propane they currently use to cook and heat bathwater. They will also obtain a potent biofertilizer, allowing them to improve crop yields without spending on expensive, environmentally-damaging chemical fertilizers. Their kids will grow up knowing that it's perfectly normal to convert dung into energy and fertilizer. This loan represents 42% of the total cost of their 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

  • $15,600
    Average annual income
  • 13
    View loans »
    Mexico Loans Fundraising
  • $19,043,075
    Funds lent in using Kiva
  • 12.9
    Mexico Pesos (MXN) = $1 USD
Ended with Loss - Currency Exchange Loss learn more
A loan of $1,050 helped José Juan to purchase a Sistema Biobolsa biodigester and biogas stove.
95% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 22, 2014
Listed
May 31, 2014
Currency Exchange Loss:
Possible
Ended:
Jul 17, 2015