Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

Status update — July 24, 2015

After 43 months on Kiva and 454 loans fundraised, Sistema.bio has graduated out of Kiva’s Experimental Partnership program and been given a risk rating of 1.5 stars. 

Partner description:

Sistema.bio (legal name: Buen Manejo del Campo) manufactures and distributes small-scale, affordable biodigester systems that transform livestock waste into organic fertilizer for crops and biogas for cooking, heat and electricity.  

The company believes that small, sustainable farms are the key to food security and economic prosperity in rural areas. To support these farmers, Sistema.bio not only sells its equipment, it also trains rural families on how to use the biodigesters in order to process their waste and create energy.  

Sistema.bio offers a loan program to help farmers spread out their payments for biodigesters over a period of six or more months, allowing the system to “pay for itself” during the repayment period. These 0% interest loans are valuable to rural families that could never otherwise afford the high upfront costs of biodigesters, no matter how much they might save in the long run. Kiva loans provide a source risk-tolerant, flexible capital to help these farmers purchase Sistema.bio equipment.

Sistema.bio saves farmers money by replacing costly sources of energy and damaging chemical fertilizers. After loans are repaid, these savings continue. This financing program is promoted through local education programs that also teach farmers how to install and maintain their biodigesters. 

Sistema.bio provides several other distinct benefits:

1) Better health: Biogas displaces wood fuel for cooking, reducing exposure to indoor air contamination -- a major cause of respiratory health issues and the related deaths of millions of women and children worldwide.

2) Cleaner drinking water: Both animal waste and chemical fertilizers increase nitrogen and organic loading in drinking water and local watersheds, a source of enteric diseases and other health issues. Biodigesters provide a waste treatment solution that displaces these fertilizers.

3) Improved productivity: Biogas provides a free source of energy that allows farmers to diversify their products by making other goods like cheese and yogurt. High volumes of organic fertilizers produced by biodigesters also allow them to improve crop productivity while reducing expenses.

4) Quality of life: Biodigesters consume and contain livestock waste, eliminating unpleasant odors and insects.

5) Environmental sustainability: In general, biodigesters cut down on greenhouse gas emissions, prevent watershed contamination, and reduce deforestation. 

When aggregated, these benefits can have a major positive impact on whole communities, regions -- and even globally.

Sistema.bio’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.


Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva May 4, 2012 Oct 12, 2005
Total Loans $1,664,975 $1,388,684,700
Amount of raised Inactive loans $0 $162,775
Number of raised Inactive loans 0 64
Amount of Paying Back Loans $692,125 $148,798,550
Number of Paying Back Loans 967 195,476
Amount of Ended Loans $972,850 $1,239,723,375
Number of Ended Loans 1,168 1,602,787
Delinquency Rate 26.93% 12.46%
Amount in Arrears $103,745 $11,581,224
Outstanding Portfolio $381,476 $92,928,825
Number of Loans Delinquent 526 75,038
Default Rate 6.24% 1.75%
Amount of Ended Loans Defaulted $60,710 $21,702,685
Number of Ended Loans Defaulted 110 52,581
Currency Exchange Loss Rate 0.70% 0.38%
Amount of Currency Exchange Loss $11,636 $5,291,386
Refund Rate 0.07% 0.59%
Amount of Refunded Loans $1,200 $8,230,675
Number of Refunded Loans 2 8,220

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 34.05% 76.51%
Average Loan Size $780 $392
Average Individual Loan Size $780 $608
Average Group Loan Size $0 $1,757
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $15,600 $5,757
Average Loan Size / GDP per capita (PPP) 5.00% 6.81%
Average Time to Fund a Loan 1.96 days 7.14 days
Average Dollars Raised Per Day Per Loan $398.05 $54.94
  Average Loan Term 13.66 months 11.37 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 177 846,748
  Journaling Rate 9.96% 43.40%
  Average Number of Comments Per Journal 0.02 0.03
  Average Number of Recommendations Per Journal 0.00 0.76

Borrowing Cost Comparison (based on 2017 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 0% APR 74.00% PY 26.14% PY
  Profitability (return on assets) -14.33% 1% -2.30%
  Average Loan Size (% of per capita income) N/A 4.00% 12.52%

Country Fast Facts

Field Partner Staff

Esther Altorfer
Alice Chanut
Alex Eaton
Daniel Gachuz
Jordi Manzo
Sandra Teresa Serafín