Kiva conducts regular, ongoing monitoring of all Lending Partners, but only posts status updates here in response to relevant, major changes at the partner.

Status Update - 19 November 2019
Kiva has moved this Lending Partner to inactive status which means Siam Organic is no longer fundraising loans on Kiva. Siam Organic has repaid all amounts due to Kiva lenders and it has ended its microloan program. If and when this partner requests to fundraise again on Kiva, Kiva will first conduct any additional monitoring and due diligence tasks we believe necessary.

Partner description:

Siam Organic and its sister organization, Jasberry, are social enterprises working to get healthy, natural and organic products to market. They work with rice farmer cooperatives to convert smallholder farmers to organic production and to help them get a fair price for their crops, usually between 2 to 3 times the normal market rate.

Siam Organic also provides technical assistance with crop quality and yield, organic compliance, and inputs like organic seed and fertilizer. The organization processes and packages the rice, finally selling the finished product to major supermarket chains.

Siam Organic and Jasberry both have USDA and EU organic certification.

A unique lending approach:

Siam Organic loans funded on Kiva go to small-scale farmers from the poorest province in Thailand, with an average of 70% female borrowers. Farmers in this area can only harvest once a year due to limited water supply and earn less than $0.50/day. 

The loans are mostly 'in-kind,’ providing organic seeds and fertilizer, and some loans are for purchase of livestock to provide long-term benefits. Siam Organic will charge an administration fee to cover the costs of running the program, but no interest.

Siam Organic also provides non-financial services to the borrowers, including their training programs on crop quality and yield.


Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Sep 9, 2016 Oct 12, 2005
Total Loans $52,600 $2,044,253,980
Amount of raised Inactive loans $0 $277,825
Number of raised Inactive loans 0 146
Amount of Paying Back Loans $0 $159,648,240
Number of Paying Back Loans 0 192,147
Amount of Ended Loans $52,600 $1,843,441,735
Number of Ended Loans 52 2,482,293
Delinquency Rate 0.00% 12.19%
Amount in Arrears $0 $12,026,707
Outstanding Portfolio $0 $98,620,847
Number of Loans Delinquent 0 65,671
Default Rate 0.00% 1.83%
Amount of Ended Loans Defaulted $0 $33,700,785
Number of Ended Loans Defaulted 0 88,892
Currency Exchange Loss Rate 0.00% 0.47%
Amount of Currency Exchange Loss $0 $12,608,670
Refund Rate 0.00% 0.53%
Amount of Refunded Loans $0 $10,936,620
Number of Refunded Loans 0 9,669

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 26.92% 78.46%
Average Loan Size $1,012 $393
Average Individual Loan Size $1,012 $586
Average Group Loan Size $0 $1,910
Average number of borrowers per group 0 8.3
Average GDP per capita (PPP) in local country $14,400 $5,593
Average Loan Size / GDP per capita (PPP) 7.02% 7.02%
Average Time to Fund a Loan 1.65 days 9.11 days
Average Dollars Raised Per Day Per Loan $611.41 $43.10
  Average Loan Term 14.83 months 11.5 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 52 1,218,509
  Journaling Rate 100.00% 41.89%
  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 2016 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 5% APR N/A 26.44% PY
  Profitability (return on assets) N/A N/A -1.35%
  Average Loan Size (% of per capita income) N/A N/A 0.00%

Country Fast Facts

Lending Partner Staff