Local Alike
Approved to post Kiva loans from: Thailand
Status Update: September 18, 2019
Kiva and Local Alike have agreed to end their partnership after 5 years and $5k in loans raised. Local Alike has repaid their outstanding balance to Kiva in full, and these funds have been distributed to lenders. We thank Local Alike for the years of collaboration and wish them success in their future endeavors.
Partner description:
Local Alike is a for-profit social enterprise that helps remote communities in Thailand develop sustainable, community-based tourism programs. Local Alike assists communities in designing tourism programs that will provide income for community members and help preserve the local culture. They currently have established relationships with ethnic minority communities including the Akha and Hmong groups in the northwestern part of Thailand and the Isaan area in the northeastern province. These villages have a strong sense of community and desire to maintain their culture.
The organization has created an online platform that will enable travelers to find and book opportunities to stay in the communities. The communities keeps 80% of the total profit from bookings.
A unique lending approach:
Local Alike is focused primarily on working with remote communities in underserved parts of Thailand where tourism income could make a substantial impact on the village economy.
Local Alike helps communities invest in the basic infrastructure they need to begin attracting tourists. Each community establishes a committee composed of village leadership and a Local Alike staff advisor. The committee manages loan funds, projects and income earned from tourism, and decides which projects to invest in.
Loans are used to improve homes and roads, construct guest houses, install street lights, implement trash collection and other community development projects.
Kiva and Local Alike have agreed to end their partnership after 5 years and $5k in loans raised. Local Alike has repaid their outstanding balance to Kiva in full, and these funds have been distributed to lenders. We thank Local Alike for the years of collaboration and wish them success in their future endeavors.
Partner description:
Local Alike is a for-profit social enterprise that helps remote communities in Thailand develop sustainable, community-based tourism programs. Local Alike assists communities in designing tourism programs that will provide income for community members and help preserve the local culture. They currently have established relationships with ethnic minority communities including the Akha and Hmong groups in the northwestern part of Thailand and the Isaan area in the northeastern province. These villages have a strong sense of community and desire to maintain their culture.
The organization has created an online platform that will enable travelers to find and book opportunities to stay in the communities. The communities keeps 80% of the total profit from bookings.
A unique lending approach:
Local Alike is focused primarily on working with remote communities in underserved parts of Thailand where tourism income could make a substantial impact on the village economy.
Local Alike helps communities invest in the basic infrastructure they need to begin attracting tourists. Each community establishes a committee composed of village leadership and a Local Alike staff advisor. The committee manages loan funds, projects and income earned from tourism, and decides which projects to invest in.
Loans are used to improve homes and roads, construct guest houses, install street lights, implement trash collection and other community development projects.
Repayment Performance on Kiva
| This Lending Partner | All Kiva Partners | ||
| Start Date On Kiva | Mar 11, 2016 | Oct 12, 2005 | |
|---|---|---|---|
| Total Loans | $4,825 | $2,044,253,980 | |
| Amount of raised Inactive loans | $0 | $277,825 | |
| Number of raised Inactive loans | 0 | 146 | |
| Amount of Paying Back Loans | $0 | $159,648,240 | |
| Number of Paying Back Loans | 0 | 192,147 | |
| Amount of Ended Loans | $4,825 | $1,843,441,735 | |
| Number of Ended Loans | 2 | 2,482,293 | |
| Delinquency Rate | 0.00% | 12.19% | |
| Amount in Arrears | $0 | $12,026,707 | |
| Outstanding Portfolio | $0 | $98,620,847 | |
| Number of Loans Delinquent | 0 | 65,671 | |
| Default Rate | 0.00% | 1.83% | |
| Amount of Ended Loans Defaulted | $0 | $33,700,785 | |
| Number of Ended Loans Defaulted | 0 | 88,892 | |
| Currency Exchange Loss Rate | 0.00% | 0.47% | |
| Amount of Currency Exchange Loss | $0 | $12,608,670 | |
| Refund Rate | 0.00% | 0.53% | |
| Amount of Refunded Loans | $0 | $10,936,620 | |
| Number of Refunded Loans | 0 | 9,669 |
Loan Characteristics On Kiva
| This Lending Partner | All Kiva Partners | ||
| Loans to Women Borrowers | 0.00% | 78.46% | |
|---|---|---|---|
| Average Loan Size | $2,413 | $393 | |
| Average Individual Loan Size | $2,413 | $586 | |
| Average Group Loan Size | $0 | $1,910 | |
| Average number of borrowers per group | 0 | 8.3 | |
| Average GDP per capita (PPP) in local country | $14,400 | $5,593 | |
| Average Loan Size / GDP per capita (PPP) | 16.75% | 7.02% | |
| Average Time to Fund a Loan | 0.33 days | 9.11 days | |
| Average Dollars Raised Per Day Per Loan | $7,367.97 | $43.10 | |
| Average Loan Term | 41 months | 11.5 months |
Journaling Performance on Kiva
| This Lending Partner | All Kiva Partners | ||
| Total Journals | 4 | 1,218,509 | |
|---|---|---|---|
| Journaling Rate | 100.00% | 41.89% | |
| Average Number of Comments Per Journal | 0.00 | 0.02 | |
| Average Number of Recommendations Per Journal | 0.00 | 0.55 |
Borrowing Cost Comparison (based on 2016 data)
| This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
| Average Cost to Borrower | 0% APR | N/A | 26.44% PY | |
|---|---|---|---|---|
| Profitability (return on assets) | N/A | N/A | -1.35% | |
| Average Loan Size (% of per capita income) | N/A | N/A | 0.00% |
Country Fast Facts
- Country:
- Thailand
- Capital:
- Bangkok
- Official Language:
- Thai (official) 90.7%, Burmese 1.3%, other 8%
- Population:
- 67,741,401
- Avg Annual Income:
- $14,400
- Labor Force:
- agriculture: 38.2%, industry: 13.6%, services: 48.2%
- Population Below Poverty Line:
- 12.60%
- Literacy Rate:
- 96.70%
- Infant Mortality Rate (per 1000):
- 9.86 deaths
- Life Expectancy:
- 74.01 years