About Us

SEEDFINANCE is a financing company established to continue the work of CARE and SEAD, Inc. (Sustainable Economic Activity Development, Inc. in the Philippines).

SEEDFINANCE aims primarily to bring the benefits of microfinance to micro-enterprises, self-employed workers, family-based and community-based food production and other livelihood activities activities through partnership with financial institutions such as cooperatives, rural banks, microfinance nongovernment organizations (MFI-NGOs), and peoples’ organizations.

History of SEEDFINANCE

• In 1994, CARE International which is a humanitarian agency founded in the USA in 1945 with offices in over 70 developing countries around the world, launched its first microfinance program in the Philippines – the Microenterprise Assistance Program (MAP).
• CARE Philippines, through MAP (Microenterprise Assistance Program), provided wholesale microfinance, training and technical assistance to partner MFIs.
• In 2002 MAP spun-off into a locally-registered nongovernment organization called SEAD; and several members from CARE sat on its board.
• In April 2007, wholesale lending and technical assistance operations were then handed over to SEEDFINANCE Corporation, a SEC-supervised microfinance-oriented financing company.
• It continued the microfinance work of its two founding organizations CARE Philippines and Sustainable Economic Activity Development (SEAD) Incorporated.
• In January 2008, following the creation of SEEDFINANCE, CARE owned 60 percent and SEAD owned 35 percent; the two largest investors.