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 $559,550 $1,403,476,400
Amount of raised Inactive loans $0 $939,700
Number of raised Inactive loans 0 356
Amount of Paying Back Loans $233,550 $149,763,650
Number of Paying Back Loans 30 193,645
Amount of Ended Loans $326,000 $1,252,773,050
Number of Ended Loans 76 1,620,556
Delinquency Rate 3.43% 21.87%
Amount in Arrears $8,000 $20,431,877
Outstanding Portfolio $233,550 $93,421,438
Number of Loans Delinquent 1 130,112
Default Rate 0.00% 1.76%
Amount of Ended Loans Defaulted $0 $22,041,481
Number of Ended Loans Defaulted 0 53,405
Currency Exchange Loss Rate 0.00% 0.39%
Amount of Currency Exchange Loss $0 $5,432,766
Refund Rate 0.64% 0.63%
Amount of Refunded Loans $3,600 $8,878,850
Number of Refunded Loans 1 8,379

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 39.64% 76.47%
Average Loan Size $5,263 $393
Average Individual Loan Size $5,263 $609
Average Group Loan Size $0 $1,761
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $14,400 $5,749
Average Loan Size / GDP per capita (PPP) 36.55% 6.84%
Average Time to Fund a Loan 5.99 days 7.18 days
Average Dollars Raised Per Day Per Loan $878.05 $54.73
  Average Loan Term 18.08 months 11.38 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 42 865,518
  Journaling Rate 46.84% 43.37%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.74

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 N/A 25.74% PY
  Profitability (return on assets) -10% N/A -1.78%
  Average Loan Size (% of per capita income) N/A N/A 12.55%

Country Fast Facts

Field Partner Staff

Sineenard Chaiwong
Praveen Kumar