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 Field Partner All Kiva Partners
  Start Date On Kiva Mar 16, 2016 Oct 12, 2005
Total Loans $201,200 $961,155,050
Amount of raised Inactive loans $3,600 $542,525
Number of raised Inactive loans 1 264
Amount of Paying Back Loans $197,600 $144,022,675
Number of Paying Back Loans 56 178,942
Amount of Ended Loans $0 $816,589,850
Number of Ended Loans 0 1,025,481
Delinquency Rate 0.00% 8.18%
Amount in Arrears $0 $7,694,837
Outstanding Portfolio $190,609 $94,073,118
Number of Loans Delinquent 0 19,665
Default Rate 0.00% 1.40%
Amount of Ended Loans Defaulted $0 $11,449,953
Number of Ended Loans Defaulted 0 32,888
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $0 $4,395,675
Refund Rate 0.00% 0.62%
Amount of Refunded Loans $0 $5,946,325
Number of Refunded Loans 0 5,964

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 39.66% 75.32%
Average Loan Size $3,530 $399
Average Individual Loan Size $3,530 $631
Average Group Loan Size $0 $1,759
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $14,400 $5,882
Average Loan Size / GDP per capita (PPP) 24.51% 6.79%
Average Time to Fund a Loan 5.09 days 6.92 days
Average Dollars Raised Per Day Per Loan $693.17 $57.69
  Average Loan Term 13.52 months 11.11 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 15 500,450
  Journaling Rate 0.00% 41.44%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.17

Borrowing Cost Comparison (based on 2016 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 0% APR N/A 26.14% PY
  Profitability (return on assets) -26.3% N/A -1.25%
  Average Loan Size (% of per capita income) N/A N/A 16.85%

Country Fast Facts

Field Partner Staff

Sireethon Khampheewichian
Praveen Kumar