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 $1,495,032,325
Amount of raised Inactive loans $0 $347,250
Number of raised Inactive loans 0 149
Amount of Paying Back Loans $79,525 $153,404,400
Number of Paying Back Loans 255 187,447
Amount of Ended Loans $806,450 $1,341,280,675
Number of Ended Loans 2,123 1,759,156
Delinquency Rate 78.69% 20.67%
Amount in Arrears $29,775 $20,066,413
Outstanding Portfolio $37,797 $97,093,255
Number of Loans Delinquent 249 70,029
Default Rate 0.05% 1.73%
Amount of Ended Loans Defaulted $408 $23,256,208
Number of Ended Loans Defaulted 1 57,822
Currency Exchange Loss Rate 0.00% 0.40%
Amount of Currency Exchange Loss $0 $6,269,289
Refund Rate 0.02% 0.62%
Amount of Refunded Loans $150 $9,331,075
Number of Refunded Loans 1 8,663

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 91.95% 76.90%
Average Loan Size $278 $393
Average Individual Loan Size $335 $606
Average Group Loan Size $683 $1,777
Average number of borrowers per group 4.2 7.9
Average GDP per capita (PPP) in local country $7,000 $5,710
Average Loan Size / GDP per capita (PPP) 3.98% 6.89%
Average Time to Fund a Loan 1.01 days 7.8 days
Average Dollars Raised Per Day Per Loan $275.55 $50.45
  Average Loan Term 5.18 months 11.37 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 787 931,594
  Journaling Rate 32.78% 43.17%
  Average Number of Comments Per Journal 0.00 0.03
  Average Number of Recommendations Per Journal 0.00 0.69

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 26.45% PY
  Profitability (return on assets) 12.1% 4.8% -0.68%
  Average Loan Size (% of per capita income) N/A 8.00% 12.07%

Country Fast Facts

Field Partner Staff

Dada Aytin
Josanna Callueng
Robenson Raborar