Kiva conducts regular, ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.

Status Update - 19 March 2021:

Kiva has decided to pause SEED Center's access to fundraising loans on the Kiva platform. Due to on-going financial difficulties, SEED Center has been unable to repay Kiva since October 2020. Kiva is actively monitoring SEED Center's evolving financial situation and will continue to follow up with the partner in an effort to recover payments due. We'll provide additional relevant information to lenders as it becomes available.


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 $885,975 $1,606,044,595
Amount of raised Inactive loans $0 $343,050
Number of raised Inactive loans 0 389
Amount of Paying Back Loans $79,525 $163,624,250
Number of Paying Back Loans 255 199,854
Amount of Ended Loans $806,450 $1,442,077,295
Number of Ended Loans 2,123 1,906,880
Delinquency Rate 99.89% 16.26%
Amount in Arrears $37,800 $16,550,633
Outstanding Portfolio $37,797 $101,788,297
Number of Loans Delinquent 255 49,658
Default Rate 0.05% 1.71%
Amount of Ended Loans Defaulted $408 $24,614,777
Number of Ended Loans Defaulted 1 61,388
Currency Exchange Loss Rate 0.00% 0.40%
Amount of Currency Exchange Loss $0 $7,011,572
Refund Rate 0.02% 0.59%
Amount of Refunded Loans $150 $9,477,100
Number of Refunded Loans 1 8,839

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 91.95% 77.44%
Average Loan Size $278 $392
Average Individual Loan Size $335 $600
Average Group Loan Size $683 $1,806
Average number of borrowers per group 4.2 8
Average GDP per capita (PPP) in local country $7,000 $5,675
Average Loan Size / GDP per capita (PPP) 3.98% 6.91%
Average Time to Fund a Loan 1.01 days 8.07 days
Average Dollars Raised Per Day Per Loan $275.55 $48.58
  Average Loan Term 5.18 months 11.35 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 787 977,859
  Journaling Rate 32.51% 42.27%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.67

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 26.56% PY
  Profitability (return on assets) 12.1% 4.8% -0.53%
  Average Loan Size (% of per capita income) N/A 8.00% 11.35%

Country Fast Facts

Field Partner Staff

Dada Aytin
Josanna Callueng
Robenson Raborar