SEED Center Philippines
Approved to post Kiva loans from: Philippines
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.
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
- Country:
- Philippines
- Capital:
- Manila
- Official Language:
- Filipino (official) and English (official); eight major dialects - Tagalog, Cebuano, Ilocano, Hiligaynon or Ilonggo, Bicol, Waray, Pampango, and Pangasinan
- Population:
- 107,668,231
- Avg Annual Income:
- $7,000
- Labor Force:
- agriculture: 32%, industry: 15%, services: 53%
- Population Below Poverty Line:
- 25.20%
- Literacy Rate:
- 96.30%
- Infant Mortality Rate (per 1000):
- 17.64 deaths
- Life Expectancy:
- N/A years
Field Partner Staff
Dada AytinRobenson Raborar