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Filiberto
Filiberto, a hog farmer in the state of Morelos, learned about biodigesters in the United States where he worked on farms with industrial-sized systems. There, he saw the massive benefits of the technology in terms of effective waste treatment and energy production. Until now, though, the initial costs were too high for him to invest in a system for his relatively small farm. With Biobolsa focusing on micro and small-sized farms, he can now access the technology on an appropriate scale and accessible price; he didn't have $1 million to spend on an industrial-scale digester but this Kiva loan will help him pay off this loan, representing just over 33% of his 200 cubic meter Sistema Biobolsa digester. This system will treat his animal waste, generating significant amounts of renewable energy - enough to eliminate fossil fuel energy sources on his farm. Moreover, this treatment process will allow all of the animal waste produced on-site to either be used as bio-fertilizer or meet water discharge standards enforced by the Mexican governmental institutions responsible for water quality standards. This is a huge improvement over his current situation; before the installation, his farm has been discharging raw, untreated waste, polluting the environment and causing major health concerns. This digester will help Filiberto reduce his farm's ecological impact, improve his relationship with his neighbors, and concurrently reduce his operating costs.

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
  • 8
    View loans »
    Mexico Loans Fundraising
  • $17,541,650
    Funds lent in using Kiva
  • 13.1
    Mexico Pesos (MXN) = $1 USD
Paying Back

This loan has been fully funded!

A loan of $7,025 helped Filiberto to buy a 200 cubic meter Sistema Biobolsa biodigester and biogas stove.
8% repaid
Repayment Term
14 months (Additional Information)
Repayment Schedule
At end of term
Pre-Disbursed:
Jul 22, 2014
Listed
Jul 30, 2014
Currency Exchange Loss:
Possible