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 | $275,975 | $864,316,850 | |
| Amount of raised Inactive loans | $0 | $374,025 | |
| Number of raised Inactive loans | 0 | 251 | |
| Amount of Paying Back Loans | $70,075 | $136,863,350 | |
| Number of Paying Back Loans | 92 | 166,292 | |
| Amount of Ended Loans | $205,900 | $727,079,475 | |
| Number of Ended Loans | 296 | 903,216 | |
| Delinquency Rate | 0.00% | 8.20% | |
| Amount in Arrears | $0 | $7,292,571 | |
| Outstanding Portfolio | $36,909 | $88,930,050 | |
| Number of Loans Delinquent | 0 | 22,215 | |
| Default Rate | 0.20% | 1.32% | |
| Amount of Ended Loans Defaulted | $408 | $9,621,530 | |
| Amount of Ended Loans | $205,900 | $727,079,475 | |
| Number of Ended Loans Defaulted | 1 | 26,679 | |
| Currency Exchange Loss Rate | 0.00% | 0.43% | |
| Amount of Currency Exchange Loss | $0 | $3,748,624 | |
| Refund Rate | 0.00% | 0.64% | |
| Amount of Refunded Loans | $0 | $5,544,100 | |
| Number of Refunded Loans | 0 | 5,818 |
Loan Characteristics On Kiva
| This Field Partner | All Kiva Partners | ||
| Loans to Women Borrowers | 92.65% | 74.86% | |
|---|---|---|---|
| Average Loan Size | $711 | $407 | |
| Average Individual Loan Size | $711 | $640 | |
| Average Group Loan Size | $0 | $1,805 | |
| Average number of borrowers per group | 0 | 7.8 | |
| Average GDP per capita (PPP) in local country | $7,000 | $5,937 | |
| Average Loan Size / GDP per capita (PPP) | 10.16% | 6.86% | |
| Average Time to Fund a Loan | 3.05 days | 6.9 days | |
| Average Dollars Raised Per Day Per Loan | $232.88 | $59.06 | |
| Average Loan Term | 5.33 months | 11.04 months |
Journaling Performance on Kiva
| This Field Partner | All Kiva Partners | ||
| Total Journals | 147 | 439,045 | |
|---|---|---|---|
| Journaling Rate | 44.90% | 41.47% | |
| Average Number of Comments Per Journal | 0.00 | 0.05 | |
| Average Number of Recommendations Per Journal | 0.00 | 1.29 |
Borrowing Cost Comparison (based on 2014 data)
| This Field Partner | Median for MFI's in Country | All Kiva Partners | ||
| Average Cost to Borrower | 50% PY | 46.00% PY | 27.39% PY | |
|---|---|---|---|---|
| Profitability (return on assets) | N/A | 4.8% | -0.64% | |
| Average Loan Size (% of per capita income) | N/A | 8.00% | 19.18% |
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
Marian AbelijaDada Aytin