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. 

A Note on SEED’s Portfolio Yield:

We care deeply about the cost that Kiva borrowers pay for their loans, which is why fair pricing is a core part of our initial due diligence process for Field Partners. With Kiva's 0% capital, many of our Field Partners are also able to add additional value to their loans by reducing interest rates, offering non-financial services or creating new loan products.


For partners with reported portfolio yields or average APRs higher than 50%, Kiva takes steps to check that the high rates are justified by the impact of the loans. Kiva also verifies that the partner is not generating unreasonable profits or paying inflated salaries, and that the partner’s elevated operating costs are justified by its operating environment and/or the design of its loan products.


We seek to support loans that don’t impose an unjustifiable cost burden on hard-working borrowers. We nevertheless recognize that in order to reach vulnerable and excluded people with high-impact products and services, some of our partners incur high costs that necessitate charging higher-than-average costs to borrowers in order to allow for sustainability and scale.


Factors that drive up the costs that this partner organization charges its borrowers include:

  • They provide very short term loans, which leads to higher operating costs, since each short-term loan generates a smaller amount of revenue than a longer-term loan.

  • They’re a small company or organization that hasn’t yet achieved the scale and efficiency necessary to reach sustainability and reduce pricing, but the impact of their services merits the opportunity to prove their business model.

Repayment Performance on Kiva

    This Field Partner All Kiva Partners
  Start Date On Kiva Jun 10, 2014 Oct 12, 2005
Total Loans $172,050 $778,839,600
Amount of raised Inactive loans $0 $238,450
Number of raised Inactive loans 0 136
Amount of Paying Back Loans $69,200 $133,474,900
Number of Paying Back Loans 97 157,471
Amount of Ended Loans $102,850 $645,126,250
Number of Ended Loans 135 798,525
Delinquency Rate 1.05% 8.84%
Amount in Arrears $408 $7,831,131
Outstanding Portfolio $39,037 $88,554,959
Number of Loans Delinquent 1 30,244
Default Rate 0.00% 1.27%
Amount of Ended Loans Defaulted $0 $8,169,177
Amount of Ended Loans $102,850 $645,126,250
Number of Ended Loans Defaulted 0 21,940
Currency Exchange Loss Rate 0.00% 0.37%
Amount of Currency Exchange Loss $0 $2,861,801
Refund Rate 0.00% 0.66%
Amount of Refunded Loans $0 $5,133,525
Number of Refunded Loans 0 5,569

Loan Characteristics On Kiva

    This Field Partner All Kiva Partners
  Loans to Women Borrowers 90.76% 74.54%
Average Loan Size $742 $413
Average Individual Loan Size $742 $648
Average Group Loan Size $0 $1,841
Average number of borrowers per group 0 7.9
Average GDP per capita (PPP) in local country $7,000 $5,946
Average Loan Size / GDP per capita (PPP) 10.59% 6.95%
Average Time to Fund a Loan 3.33 days 6.73 days
Average Dollars Raised Per Day Per Loan $222.46 $61.46
  Average Loan Term 5.3 months 10.91 months

Journaling Performance on Kiva

    This Field Partner All Kiva Partners
  Total Journals 65 381,808
  Journaling Rate 38.18% 40.81%
  Average Number of Comments Per Journal 0.00 0.06
  Average Number of Recommendations Per Journal 0.00 1.45

Borrowing Cost Comparison (based on 2013 data)

    This Field Partner Median for MFI's in Country All Kiva Partners
  Average Cost to Borrower 66% PY 46.00% PY 29.09% PY
  Profitability (return on assets) N/A 4.8% -1.41%
  Average Loan Size (% of per capita income) N/A 8.00% 19.25%

Country Fast Facts

Field Partner Staff

Marian Abelija
Hilda Aytin