Check out some available loans that are similar to this one!
Andrés
Andrés is a sheep rancher in Mexico State, not too far from the border with Mexico City. His animals produce 40 kg of waste per day and he'd like to take advantage of the energy and biofertilizer this "waste" could be converted into. He is investing in a 10 cubic meter Sistema Biobolsa biodigester in order to produce his own biogas and biofertilizer. The fertilizer will improve his crop yields without him having to spend more money on agrochemical fertilizers and the biogas will allow Andrés to displace the propane he currently relies on to cook and heat bathwater. This loan represents 90% of the total cost of his Sistema Biobolsa biodigester.

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.

Tags

About Mexico

  • $11,249
    Average annual income
  • 7
    View loans »
    Mexico Loans Fundraising
  • $18,125,250
    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 $2,300 helped Andrés to purchase a Sistema Biobolsa biodigester and biogas stove.
76% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
May 23, 2014
Listed
Jun 23, 2014
Currency Exchange Loss:
Possible