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 $320,750 $948,590,975
Amount of raised Inactive loans $0 $375,825
Number of raised Inactive loans 0 261
Amount of Paying Back Loans $37,400 $141,979,900
Number of Paying Back Loans 111 175,166
Amount of Ended Loans $283,350 $806,235,250
Number of Ended Loans 410 1,011,122
Delinquency Rate 0.00% 8.10%
Amount in Arrears $0 $7,468,353
Outstanding Portfolio $22,607 $92,214,717
Number of Loans Delinquent 0 18,720
Default Rate 0.14% 1.40%
Amount of Ended Loans Defaulted $408 $11,312,347
Number of Ended Loans Defaulted 1 32,567
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $0 $4,326,176
Refund Rate 0.00% 0.62%
Amount of Refunded Loans $0 $5,911,700
Number of Refunded Loans 0 5,950

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 92.51% 75.25%
Average Loan Size $616 $400
Average Individual Loan Size $616 $632
Average Group Loan Size $0 $1,765
Average number of borrowers per group 0 7.7
Average GDP per capita (PPP) in local country $7,000 $5,889
Average Loan Size / GDP per capita (PPP) 8.79% 6.79%
Average Time to Fund a Loan 2.37 days 6.92 days
Average Dollars Raised Per Day Per Loan $259.45 $57.76
  Average Loan Term 5.24 months 11.11 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 189 494,507
  Journaling Rate 42.09% 41.49%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.18

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 26.05% PY
  Profitability (return on assets) N/A 4.8% -0.82%
  Average Loan Size (% of per capita income) N/A 8.00% 17.16%

Country Fast Facts

Field Partner Staff

Marian Abelija
Dada Aytin