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 $687,875 $1,591,618,020
Amount of raised Inactive loans $0 $553,050
Number of raised Inactive loans 0 212
Amount of Paying Back Loans $244,850 $162,732,475
Number of Paying Back Loans 32 197,739
Amount of Ended Loans $443,025 $1,428,332,495
Number of Ended Loans 91 1,888,188
Delinquency Rate 15.92% 17.15%
Amount in Arrears $38,975 $17,353,982
Outstanding Portfolio $223,850 $101,203,308
Number of Loans Delinquent 5 53,034
Default Rate 0.00% 1.69%
Amount of Ended Loans Defaulted $0 $24,149,199
Number of Ended Loans Defaulted 0 60,162
Currency Exchange Loss Rate 0.00% 0.40%
Amount of Currency Exchange Loss $0 $6,914,725
Refund Rate 0.52% 0.59%
Amount of Refunded Loans $3,600 $9,457,725
Number of Refunded Loans 1 8,817

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 39.84% 77.41%
Average Loan Size $5,576 $392
Average Individual Loan Size $5,576 $601
Average Group Loan Size $0 $1,800
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $14,400 $5,685
Average Loan Size / GDP per capita (PPP) 38.73% 6.90%
Average Time to Fund a Loan 5.79 days 8.06 days
Average Dollars Raised Per Day Per Loan $963.00 $48.64
  Average Loan Term 19 months 11.35 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 55 969,394
  Journaling Rate 50.00% 42.45%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.68

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 26.61% PY
  Profitability (return on assets) -14.83% N/A -0.35%
  Average Loan Size (% of per capita income) N/A N/A 11.35%

Country Fast Facts

Field Partner Staff

Sineenard Chaiwong
Praveen Kumar