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 $791,975 $1,403,476,400
Amount of raised Inactive loans $0 $939,700
Number of raised Inactive loans 0 356
Amount of Paying Back Loans $104,575 $149,763,650
Number of Paying Back Loans 291 193,645
Amount of Ended Loans $687,400 $1,252,773,050
Number of Ended Loans 1,739 1,620,556
Delinquency Rate 1.51% 21.87%
Amount in Arrears $963 $20,431,877
Outstanding Portfolio $42,417 $93,421,438
Number of Loans Delinquent 6 130,112
Default Rate 0.06% 1.76%
Amount of Ended Loans Defaulted $408 $22,041,481
Number of Ended Loans Defaulted 1 53,405
Currency Exchange Loss Rate 0.00% 0.39%
Amount of Currency Exchange Loss $0 $5,432,766
Refund Rate 0.00% 0.63%
Amount of Refunded Loans $0 $8,878,850
Number of Refunded Loans 0 8,379

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 91.99% 76.47%
Average Loan Size $297 $393
Average Individual Loan Size $355 $609
Average Group Loan Size $713 $1,761
Average number of borrowers per group 4.2 7.8
Average GDP per capita (PPP) in local country $7,000 $5,749
Average Loan Size / GDP per capita (PPP) 4.24% 6.84%
Average Time to Fund a Loan 1.03 days 7.18 days
Average Dollars Raised Per Day Per Loan $287.48 $54.73
  Average Loan Term 5.43 months 11.38 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 555 865,518
  Journaling Rate 30.03% 43.37%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.74

Borrowing Cost Comparison (based on 2016 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 47% PY 46.00% PY 25.74% PY
  Profitability (return on assets) -24.2% 4.8% -1.78%
  Average Loan Size (% of per capita income) N/A 8.00% 12.55%

Country Fast Facts

Field Partner Staff

Dada Aytin
Robenson Raborar