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 $659,900 $1,330,802,700
Amount of raised Inactive loans $0 $547,125
Number of raised Inactive loans 0 685
Amount of Paying Back Loans $99,450 $147,970,550
Number of Paying Back Loans 337 195,474
Amount of Ended Loans $560,450 $1,182,285,025
Number of Ended Loans 1,308 1,522,055
Delinquency Rate 0.00% 10.42%
Amount in Arrears $0 $9,802,012
Outstanding Portfolio $39,673 $94,101,479
Number of Loans Delinquent 0 55,529
Default Rate 0.07% 1.74%
Amount of Ended Loans Defaulted $408 $20,609,355
Number of Ended Loans Defaulted 1 50,258
Currency Exchange Loss Rate 0.00% 0.39%
Amount of Currency Exchange Loss $0 $5,175,709
Refund Rate 0.00% 0.59%
Amount of Refunded Loans $0 $7,878,725
Number of Refunded Loans 0 7,776

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 91.94% 76.40%
Average Loan Size $312 $394
Average Individual Loan Size $377 $609
Average Group Loan Size $664 $1,761
Average number of borrowers per group 4.3 7.7
Average GDP per capita (PPP) in local country $7,000 $5,776
Average Loan Size / GDP per capita (PPP) 4.45% 6.82%
Average Time to Fund a Loan 1.07 days 7.13 days
Average Dollars Raised Per Day Per Loan $290.30 $55.26
  Average Loan Term 5.4 months 11.34 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 395 789,496
  Journaling Rate 27.64% 43.17%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.81

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 25.36% PY
  Profitability (return on assets) -24.22% 4.8% -1.96%
  Average Loan Size (% of per capita income) N/A 8.00% 12.88%

Country Fast Facts

Field Partner Staff

Dada Aytin
Robenson Raborar