SEED, founded in 2004, is a young microfinance organization in the Philippines that operates in the metro Manila area.
 
In addition to loans, SEED provides saving services, business development classes and skills trainings. About 90% of SEED’s active borrowers are underprivileged poor living in depressed, urban areas.
 
A unique lending approach:
 
Fundraising on Kiva will allow SEED expand to new areas and to scale new loan products. In addition to their traditional business loans, SEED will work to scale its 0% interest start-up loans, which include intensive business training for new entrepreneurs, and several other innovative loan products.
 

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jun 10, 2014 Oct 12, 2005
Total Loans $8,525 $582,146,150
Amount of raised Inactive loans $0 $415,000
Number of raised Inactive loans 0 382
Amount of Paying Back Loans $8,525 $116,344,325
Number of Paying Back Loans 20 122,618
Amount of Ended Loans $0 $465,386,825
Number of Ended Loans 0 591,866
Delinquency Rate 0.00% 3.78%
Amount in Arrears $0 $2,849,683
Outstanding Portfolio $5,720 $75,381,279
Number of loanDelinquent 0 11,821
Default Rate 0.00% 1.15%
Amount of Ended Loans Defaulted $0 $5,334,794
Amount of Ended Loans $0 $465,386,825
Number of Ended Loans Defaulted 0 16,796
Currency Exchange Loss Rate 0.00% 0.08%
Amount of Currency Exchange Loss $0 $479,128
Refund Rate 0.00% 0.77%
Amount of Refunded Loans $0 $4,494,225
Number of Refunded Loans 0 5,037

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 90.00% 74.17%
Average Loan Size $426 $418
Average Individual Loan Size $426 $656
Average Group Loan Size $0 $1,827
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $1,175 $3,434
Average Loan Size / GDP per capita (PPP) 36.28% 12.18%
Average Time to Fund a Loan 2.61 days 5.55 days
Average Dollars Raised Per Day Per Loan $163.31 $75.36
  Average Loan Term 4.75 months 10.28 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 291,158
  Journaling Rate 0.00% 42.39%
  Average Number of Comments Per Journal 0.00 0.08
  Average Number of Recommendations Per Journal 0.00 1.90

Borrowing Cost Comparison (based on 2013 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 66% PY 46.00% PY 33.64% PY
  Profitability (return on assets) N/A 4.8% -1.40%
  Average Loan Size (% of per capita income) N/A 8.00% 41.35%

Country Fast Facts

Field Partner Staff

Hilda Aytin
Alma Rabino