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 $297,900 $920,092,225
Amount of raised Inactive loans $0 $503,450
Number of raised Inactive loans 0 277
Amount of Paying Back Loans $25,425 $138,323,900
Number of Paying Back Loans 57 167,870
Amount of Ended Loans $272,475 $781,264,875
Number of Ended Loans 394 977,919
Delinquency Rate 0.00% 8.72%
Amount in Arrears $0 $7,770,284
Outstanding Portfolio $12,400 $89,089,759
Number of Loans Delinquent 0 22,816
Default Rate 0.15% 1.37%
Amount of Ended Loans Defaulted $408 $10,705,517
Number of Ended Loans Defaulted 1 30,591
Currency Exchange Loss Rate 0.00% 0.46%
Amount of Currency Exchange Loss $0 $4,207,405
Refund Rate 0.00% 0.63%
Amount of Refunded Loans $0 $5,839,875
Number of Refunded Loans 0 5,905

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 92.52% 75.08%
Average Loan Size $661 $403
Average Individual Loan Size $661 $635
Average Group Loan Size $0 $1,783
Average number of borrowers per group 0 7.8
Average GDP per capita (PPP) in local country $7,000 $5,910
Average Loan Size / GDP per capita (PPP) 9.44% 6.82%
Average Time to Fund a Loan 2.7 days 6.96 days
Average Dollars Raised Per Day Per Loan $244.26 $57.87
  Average Loan Term 5.29 months 11.1 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 171 478,842
  Journaling Rate 41.00% 41.63%
  Average Number of Comments Per Journal 0.00 0.05
  Average Number of Recommendations Per Journal 0.00 1.21

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 26.13% PY
  Profitability (return on assets) N/A 4.8% -0.06%
  Average Loan Size (% of per capita income) N/A 8.00% 17.82%

Country Fast Facts

Field Partner Staff

Marian Abelija
Dada Aytin