Hilltribe Organics Limited
Partner Description:
Hilltribe Organics was founded in 2013 as a social enterprise with the aim of sustainably increasing the income of hill tribe farmers in Northern Thailand through the introduction of free-range, organic chicken farms for egg production. Hilltribe Organics supplies farmers with feed for chickens as well as extensive training and expert advice to ensure farmers have all the resources necessary to carry out egg production. Hilltribe Organics guarantees to buy back the eggs at a fair and agreed upon price. The organization provides the chickens and purchases the farmers’ eggs, which are then sold to consumers.
Hilltribe works in the mountainous areas of northern Thailand, which are home to a very diverse group of ethnic minorities with different languages, cultures, and economies than the rest of the Thai population. Many of these communities cannot communicate with their central Thai counterparts, and often are not legally citizens of Thailand. Because of this, the hill tribe people face a higher degree of poverty than other groups in Thailand and lack basic access to much of the infrastructure provided by the state (medical services, schools, water, electricity, policing etc.). Price fluctuations, seasonal harvests and lack of access to major markets make it difficult to earn a predictable year round income. Hilltribe Organics' mission is to provide a stable and fair source of income to hill tribe families living in the Thailand province of Chiang Rai.
A unique lending approach:
Kiva loans will be used to purchase the organic chickens which lay at the core of Hilltribe’s business model. Farmers are each contracted to farm around 700 chickens, which are purchased at 16-weeks old and produce eggs up until 85 weeks. At this point the loan is repaid by farmers handing the chickens back to Hilltribe to sell to the food industry and generate cash to pay back Kiva.
Repayment Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Start Date On Kiva | Mar 16, 2016 | Oct 12, 2005 | |
---|---|---|---|
Total Loans | $979,725 | $2,060,115,930 | |
Amount of raised Inactive loans | $0 | $299,975 | |
Number of raised Inactive loans | 0 | 329 | |
Amount of Paying Back Loans | $256,050 | $151,125,520 | |
Number of Paying Back Loans | 36 | 178,826 | |
Amount of Ended Loans | $723,675 | $1,863,396,330 | |
Number of Ended Loans | 128 | 2,516,664 | |
Delinquency Rate | 2.62% | 11.66% | |
Amount in Arrears | $6,700 | $10,619,673 | |
Outstanding Portfolio | $241,858 | $91,107,381 | |
Number of Loans Delinquent | 1 | 34,759 | |
Default Rate | 0.00% | 1.83% | |
Amount of Ended Loans Defaulted | $0 | $34,066,795 | |
Number of Ended Loans Defaulted | 0 | 91,292 | |
Currency Exchange Loss Rate | 0.44% | 0.47% | |
Amount of Currency Exchange Loss | $4,265 | $12,915,654 | |
Refund Rate | 0.37% | 0.55% | |
Amount of Refunded Loans | $3,600 | $11,263,070 | |
Number of Refunded Loans | 1 | 9,868 |
Loan Characteristics On Kiva
This Lending Partner | All Kiva Partners | ||
Loans to Women Borrowers | 50.29% | 78.51% | |
---|---|---|---|
Average Loan Size | $5,960 | $393 | |
Average Individual Loan Size | $5,960 | $585 | |
Average Group Loan Size | $0 | $1,913 | |
Average number of borrowers per group | 0 | 8.3 | |
Average GDP per capita (PPP) in local country | $14,400 | $5,592 | |
Average Loan Size / GDP per capita (PPP) | 41.39% | 7.03% | |
Average Time to Fund a Loan | 9.44 days | 9.13 days | |
Average Dollars Raised Per Day Per Loan | $631.15 | $43.03 | |
Average Loan Term | 20.82 months | 11.5 months |
Journaling Performance on Kiva
This Lending Partner | All Kiva Partners | ||
Total Journals | 75 | 1,228,233 | |
---|---|---|---|
Journaling Rate | 51.15% | 41.93% | |
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 2017 data)
This Lending Partner | Median for MFI's in Country | All Kiva Partners | ||
Average Cost to Borrower | 0% APR | N/A | 27.12% PY | |
---|---|---|---|---|
Profitability (return on assets) | -1.88% | N/A | -1.71% | |
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
Lending Partner Staff
Sineenard ChaiwongPraveen Kumar