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

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 Field Partner All Kiva Partners
  Start Date On Kiva Apr 24, 2018 Oct 12, 2005
Total Loans $657,975 $1,609,079,370
Amount of raised Inactive loans $0 $859,175
Number of raised Inactive loans 0 756
Amount of Paying Back Loans $548,000 $165,318,825
Number of Paying Back Loans 433 202,818
Amount of Ended Loans $109,975 $1,442,901,370
Number of Ended Loans 88 1,907,547
Delinquency Rate 2.83% 17.21%
Amount in Arrears $11,728 $17,834,956
Outstanding Portfolio $391,988 $103,633,584
Number of Loans Delinquent 129 75,528
Default Rate 0.00% 1.71%
Amount of Ended Loans Defaulted $0 $24,705,555
Number of Ended Loans Defaulted 0 61,798
Currency Exchange Loss Rate 0.07% 0.40%
Amount of Currency Exchange Loss $566 $7,011,687
Refund Rate 0.00% 0.59%
Amount of Refunded Loans $0 $9,486,100
Number of Refunded Loans 0 8,846

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 100.00% 77.44%
Average Loan Size $1,263 $392
Average Individual Loan Size $1,263 $600
Average Group Loan Size $0 $1,805
Average number of borrowers per group 0 8
Average GDP per capita (PPP) in local country $14,400 $5,673
Average Loan Size / GDP per capita (PPP) 8.77% 6.91%
Average Time to Fund a Loan 6.01 days 8.07 days
Average Dollars Raised Per Day Per Loan $210.06 $48.58
  Average Loan Term 29.1 months 11.36 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 94 980,751
  Journaling Rate 81.36% 42.28%
  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 17% N/A 26.41% PY
  Profitability (return on assets) 3.07% N/A -0.56%
  Average Loan Size (% of per capita income) N/A N/A 11.35%

Country Fast Facts

Field Partner Staff

itthirit Suwannakam