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

 

Status Update - October 26, 2023

Kiva has decided to pause Small Enterprise Development’s access to fundraising loans on the Kiva platform due to operational issues and practices that are not fully compliant with Kiva’s policies. We are actively monitoring Small Enterprise Development’s situation and an analyst will conduct a thorough on-site monitoring visit in the coming months. Kiva anticipates that the partner will continue making repayments to Kiva lenders as long as there is an outstanding balance and we hope to continue to support Small Enterprise Development in the future. If there is additional relevant information, we will provide it to lenders as soon as it becomes available.


Partner description:

Small Enterprise Development (SED) is a microfinance institution that works with women in villages in the northeastern Thai provinces of Surin, Buriram and Srisaket, the country’s poorest according to the World Bank.

SED stemmed from a village banking project established by Catholic Relief Services, which targeted the poorest women living in rural areas. When CRS phased out of Thailand, SED was established as an independent entity focused on continuing and growing the project.


A unique lending approach:

SED focuses primarily on the village banking methodology. A village bank is a community association consisting of groups of 5 to 7 women each, together creating a larger group of 30 to 80 members who meet regularly and are provided with small self-employment loans.


SED works with local NGOs to identify villages that could qualify for a village bank, then spends around 3 months working with the community to establish the bank. During this time, each village receives 6 to 8 weeks of training. Once the village bank is established, SED provides a loan to the bank, which it then lends to individual members. The entire bank is responsible for repaying the loan back to SED and all members are required to make mandatory monthly savings deposits.

SED also offers individual loans for women who need to make larger investments in their businesses. These loans are provided to existing village bank members who need larger loan amounts and are recommended by their groups. These loans are done outside the village banks, directly from SED to individuals.


Repayment Performance on Kiva

    This Lending Partner All Kiva Partners
  Start Date On Kiva Apr 24, 2018 Oct 12, 2005
Total Loans $1,276,485 $1,961,263,340
Amount of raised Inactive loans $0 $368,750
Number of raised Inactive loans 0 225
Amount of Paying Back Loans $700,710 $155,292,280
Number of Paying Back Loans 529 180,364
Amount of Ended Loans $575,775 $1,775,561,795
Number of Ended Loans 457 2,382,297
Delinquency Rate 15.64% 11.50%
Amount in Arrears $68,219 $10,725,818
Outstanding Portfolio $436,199 $93,282,250
Number of Loans Delinquent 359 45,477
Default Rate 0.00% 1.82%
Amount of Ended Loans Defaulted $0 $32,353,228
Number of Ended Loans Defaulted 0 84,927
Currency Exchange Loss Rate 1.74% 0.49%
Amount of Currency Exchange Loss $26,336 $12,023,738
Refund Rate 7.48% 0.54%
Amount of Refunded Loans $95,425 $10,526,300
Number of Refunded Loans 77 9,596

Loan Characteristics On Kiva

    This Lending Partner All Kiva Partners
  Loans to Women Borrowers 100.00% 78.24%
Average Loan Size $1,291 $392
Average Individual Loan Size $1,291 $589
Average Group Loan Size $0 $1,892
Average number of borrowers per group 0 8.3
Average GDP per capita (PPP) in local country $14,400 $5,599
Average Loan Size / GDP per capita (PPP) 8.96% 7.00%
Average Time to Fund a Loan 10.19 days 8.93 days
Average Dollars Raised Per Day Per Loan $126.66 $43.86
  Average Loan Term 30.69 months 11.47 months

Journaling Performance on Kiva

    This Lending Partner All Kiva Partners
  Total Journals 336 1,181,695
  Journaling Rate 59.64% 42.25%
  Average Number of Comments Per Journal 0.00 0.02
  Average Number of Recommendations Per Journal 0.00 0.57

Borrowing Cost Comparison (based on 2016 data)

    This Lending Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 17% N/A 27.02% PY
  Profitability (return on assets) 5.96% N/A -3.10%
  Average Loan Size (% of per capita income) N/A N/A 0.00%

Country Fast Facts

Lending Partner Staff

Sitta API
Benjamas Chumtreenok
Benjamas Chumtreenok
Siriwat Tongsawate API