SEED : Social microfinance in the Philippines

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

To adapt to the needs of the poorest communities, SEED has developed a savings service, backed up by regular support and specific training courses. This project is aimed at helping participants to
reach a savings goal and enhance their skills.
A realistic family project One of the key features of this support is the training session aimed at creating a family project and enabling the most determined participants to launch a new business.
To specifically support those people determined in setting their income-generating activity, SEED offers an interest free loan, accompanied by intensive training and regular follow-up on their business management. This helping hand meets the needs of people who have never held a loan and who will become conventional beneficiaries of SEED in the future.

 
Read the complete fact sheet

SEED’s partners

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.

 

SEED's partners

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