SEED : Social microfinance in the Philippines
2 459 beneficiaries in 2017
92% women in 2017
€ 122 average loan in 2017
SEED : a social microfinance institution for the most vulnerable
SEED operates since 2<spn015 in areas of extreme urban poverty in Metro Manila, where individuals and families often don’t have access to safe and stable housing, employment, electricity or health services. SEED attempts, through microloans, savings and training, to build the capacity and strength of local entrepreneurs so that they can improve the standard of living for themselves and their families.
A support by Entrepreneurs du Monde
Entrepreneurs du Monde has closely supported SEED since its creation to strengthen its social mission. Together they are developing the microfinance institution’s products and services, its social performance and financial management and its information and management systems. Entrepreneurs du Monde also provides financial support to SEED for the development of its activities and to cover its costs until it becomes sustainable.
Reaching the most vulnerable people
In 2017, SEED benefited from the generous financial support of individuals donors and institutional partners such as l’Agence Française de Développement, TOTAL, the Entrepreneurs du Monde Foundation, the Citi Foundation, Zen Credit, Microfinance Solidaire SAS and KIVA. In order to achieve the goals set for 2018, SEED is actively looking for new financial partners who aim to help micro-entrepreneurs work out extreme poverty in Metro Manila.