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 $9,650 $592,679,350
Amount of raised Inactive loans $0 $777,500
Number of raised Inactive loans 0 601
Amount of Paying Back Loans $9,175 $116,741,200
Number of Paying Back Loans 22 123,958
Amount of Ended Loans $475 $475,160,650
Number of Ended Loans 1 602,990
Delinquency Rate 0.00% 3.97%
Amount in Arrears $0 $2,990,527
Outstanding Portfolio $4,793 $75,270,121
Number of loanDelinquent 0 11,920
Default Rate 0.00% 1.12%
Amount of Ended Loans Defaulted $0 $5,344,932
Amount of Ended Loans $475 $475,160,650
Number of Ended Loans Defaulted 0 16,810
Currency Exchange Loss Rate 0.00% 0.09%
Amount of Currency Exchange Loss $0 $538,749
Refund Rate 0.00% 0.77%
Amount of Refunded Loans $0 $4,537,625
Number of Refunded Loans 0 5,064

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 91.30% 74.19%
Average Loan Size $420 $418
Average Individual Loan Size $420 $656
Average Group Loan Size $0 $1,828
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $1,175 $3,430
Average Loan Size / GDP per capita (PPP) 35.71% 12.19%
Average Time to Fund a Loan 2.28 days 5.61 days
Average Dollars Raised Per Day Per Loan $184.11 $74.58
  Average Loan Term 4.61 months 10.35 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 0 296,500
  Journaling Rate 0.00% 42.37%
  Average Number of Comments Per Journal 0.00 0.08
  Average Number of Recommendations Per Journal 0.00 1.87

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 33.27% PY
  Profitability (return on assets) N/A 4.8% -1.45%
  Average Loan Size (% of per capita income) N/A 8.00% 40.88%

Country Fast Facts

Field Partner Staff

Hilda Aytin
Alma Rabino