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 $874,500 $1,449,369,725
Amount of raised Inactive loans $0 $1,208,375
Number of raised Inactive loans 0 250
Amount of Paying Back Loans $82,325 $146,793,450
Number of Paying Back Loans 259 166,255
Amount of Ended Loans $792,175 $1,301,367,900
Number of Ended Loans 2,086 1,706,449
Delinquency Rate 0.02% 22.34%
Amount in Arrears $6 $21,032,049
Outstanding Portfolio $37,797 $94,127,897
Number of Loans Delinquent 1 73,201
Default Rate 0.05% 1.73%
Amount of Ended Loans Defaulted $408 $22,469,421
Number of Ended Loans Defaulted 1 54,461
Currency Exchange Loss Rate 0.00% 0.40%
Amount of Currency Exchange Loss $0 $5,838,311
Refund Rate 0.00% 0.63%
Amount of Refunded Loans $0 $9,150,775
Number of Refunded Loans 0 8,489

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 92.07% 76.68%
Average Loan Size $279 $395
Average Individual Loan Size $336 $611
Average Group Loan Size $684 $1,773
Average number of borrowers per group 4.2 7.8
Average GDP per capita (PPP) in local country $7,000 $5,730
Average Loan Size / GDP per capita (PPP) 3.98% 6.89%
Average Time to Fund a Loan 1 days 7.43 days
Average Dollars Raised Per Day Per Loan $278.36 $53.14
  Average Loan Term 5.19 months 11.37 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 756 910,334
  Journaling Rate 33.65% 43.83%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.70

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 25.38% PY
  Profitability (return on assets) 12.1% 4.8% -1.35%
  Average Loan Size (% of per capita income) N/A 8.00% 12.34%

Country Fast Facts

Field Partner Staff

Dada Aytin
Robenson Raborar