A hinge includes a first element and a second element. The first element includes a shaft sleeve. The shaft sleeve defines a receiving space along an axial direction, and at lest one locating hole communicating with the receiving space in a circumference of the shaft sleeve. The second element includes an elastic shaft rotatable received in the receiving space, and a locating protrusion on a circumference of the shaft engagable in one of the at least one locating hole. A collapsible device utilizing the hinge is disclosed.