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 Field Partner All Kiva Partners
  Start Date On Kiva Mar 11, 2016 Oct 12, 2005
Total Loans $4,825 $950,795,575
Amount of raised Inactive loans $0 $326,700
Number of raised Inactive loans 0 238
Amount of Paying Back Loans $4,825 $143,657,400
Number of Paying Back Loans 2 177,403
Amount of Ended Loans $0 $806,811,475
Number of Ended Loans 0 1,011,869
Delinquency Rate 10.85% 7.81%
Amount in Arrears $523 $7,339,006
Outstanding Portfolio $4,825 $93,952,068
Number of Loans Delinquent 2 18,170
Default Rate 0.00% 1.40%
Amount of Ended Loans Defaulted $0 $11,327,296
Number of Ended Loans Defaulted 0 32,592
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $0 $4,326,176
Refund Rate 0.00% 0.62%
Amount of Refunded Loans $0 $5,912,425
Number of Refunded Loans 0 5,951

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 0.00% 75.25%
Average Loan Size $2,413 $400
Average Individual Loan Size $2,413 $632
Average Group Loan Size $0 $1,766
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $14,400 $5,888
Average Loan Size / GDP per capita (PPP) 16.75% 6.79%
Average Time to Fund a Loan 0.33 days 6.93 days
Average Dollars Raised Per Day Per Loan $7,367.97 $57.66
  Average Loan Term 41 months 11.11 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 4 495,157
  Journaling Rate 0.00% 41.51%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.18

Borrowing Cost Comparison (based on 2014 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 0% APR N/A 26.03% PY
  Profitability (return on assets) N/A N/A -0.81%
  Average Loan Size (% of per capita income) N/A N/A 17.16%

Country Fast Facts

Field Partner Staff

hollie yick