Dear Friends,
Greetings!
Bihar Development Trust is going through growth pains. We are growing rapidly. We have disbursed more than Rs.900,000 to more than 160 women borrowers and hope to cross Rs.1000,000 mile stone in this week. More than 160 women borrowers are returning Rs.20,000 every week also.
You all have supported us all through. You are witnessing a home grown enterprise growing up in Bihar. This organisation has not been started by some Ambanis or money bags that you found in abundance in Bihar. You are learning about Bihar Development Trust regularly through e mails. This organisation has been started by two middle class youngsters who faced social and family and professional resistance but did it. Bihar Development Trust can be the next TATA but rooted in Bihar. We have survived for 14 months and determined to survive for all times to come.
You are aware of our financial and moral integrity through blogs and websites like www.bihardev.pbwiki,com , www.bihardev.org.in , www.bihardev.blogspot.com . You can visit our photos http://picasaweb.google.com/rchandra1231/
The crux of the arguement is that you need to support us financially. We are willing to accept highest level of scrutiny from you. You can ask people who have supported us financially. They are part of this group. You can mail to the group enquiring about credential of Bihar Development Trust . People who have supported us will reply to you.
You all agree that Bihar needs investment on multiple front be it health, education, water and sanitation or microfinance. We believe that people are capable of taking care of themsleves once they get access to credit and market. We are working on giving them access to credit and market so that income levels of people go up.
Bihar is witnessing a silent revolution by enterpreneurs like us whom Indian diaspora & citizens and in particular Bihari diaspora, citizens should support.
Discussing on Bihar will not help bihar much. You need to put money where your mouth is. You were looking for an honest initiative that cuts the clutter of corruption. Bihar Development Trust is here. You need to believe in us and our vision.
We are getting institutional funding support but we need individual support to maintain the overhead cost. After all, providing benefits to people entails some cost. You people need to rise up to support us.
We are competing for your financial support. You appraise our potential and put your money where you get the highest social return of your investments.
Waiting for your queries and brickbats
Regards
Ravi Chandra
Tuesday, May 20, 2008
Support Bihar Development Trust
Dear Friends,
Greetings from BDT!!!
We have disbursed more than Rs.900,000 to more than 160 women borrowers. Our disbursement is increasing by 70% every month.
The disbursement trend is given below.
Till 31st March, 2008 - Rs. 367,000
Till 30th April- Rs.622,000
Till 20th May- Rs.905,000
We hope to cross disbursement of Rs.1000,000 this month. We have a outstanding of Rs.710,000 at this moment. We are recieving our repayment regularly. We are recieving more than Rs.20,000 as repayments every week.
As you are observing that our pace of disbursement has increasing, I need to raise matching funds. The funding agency take their own sweet time for disbursement. We have recieved Rs.417,734 in the beginning of month from BASIX. We will be recieving Rs.600,000 from BASIX any time soon. We have Rs.110,000 in our bank account. This is sufficient for one week only.If the BASIX money comes in 3-4 days, we are just saved otherwise we may to defer the loan disbursement for a week. We do not want to do that.
Our need is given below
Months Expected Cumulative No. of Groups Expected Cumulative No. of Borrowers Expected Cumulative Disbursement
groups borrowers cumulative disbursement
May 90 180 1,040,000
June 130 250 1,600,000
July 180 340 2,320,000
August 230 460 3,120,000
September 290 660 3,920,000
October 350 900 4,720,000
November 410 1200 6,220,000
December 480 1500 7,720,000
January 550 1800 9,220,000
February 630 2100 10,720,000
March 710 2400 12,220,000
We hope to recieve 500,000 from TMN and 3,000,000 from FWWB in july. This would be sufficient for september.
The current situation is that BANKs are hesistating to lend us. We are not that creditworthy as we do not assets to match the loan amount. Funding agencies are loosening their purse strings slowly. We are trying hard to convince them to give more money. Without credit, we will be finding hard to sustain. To put in nutshell, our operative cost is Rs.100,000 per month and we are earning around 16000 per month. This deflicit will be made up when we reach the disbursement of Rs.9000,0000. We need that much amount of money in this year.
Through supporters like you, I requests you to find institutions with surplus money to support us as loan. Anyone is free to visit us and appraise our systems and processes and can check the beneficiaries directly in villages. The photos are uploaded on http://picasaweb.google.com/rchandra1231
We are supporting livelihood of 16 staff members and trying to increase the income of 100s of poor women borrowers. We have stopped two migration to Delhi and one person from Delhi has come back and joined us as staff member. Its better to earn Rs.3000 in home town than Rs.7000 in delhi.
I can not say in many words that I need money . This money will change the life of atleast 2000 people of Bihar this year. Once we are a success story, we hope to brings 1000s of crores of investment to Bihar on our shoulder.
So, I am doing my best in grounds of Bihar and rest I leave to wellwishers and almighty god.
Thanks for reading
Regards
Ravi Chandra
Regards
Greetings from BDT!!!
We have disbursed more than Rs.900,000 to more than 160 women borrowers. Our disbursement is increasing by 70% every month.
The disbursement trend is given below.
Till 31st March, 2008 - Rs. 367,000
Till 30th April- Rs.622,000
Till 20th May- Rs.905,000
We hope to cross disbursement of Rs.1000,000 this month. We have a outstanding of Rs.710,000 at this moment. We are recieving our repayment regularly. We are recieving more than Rs.20,000 as repayments every week.
As you are observing that our pace of disbursement has increasing, I need to raise matching funds. The funding agency take their own sweet time for disbursement. We have recieved Rs.417,734 in the beginning of month from BASIX. We will be recieving Rs.600,000 from BASIX any time soon. We have Rs.110,000 in our bank account. This is sufficient for one week only.If the BASIX money comes in 3-4 days, we are just saved otherwise we may to defer the loan disbursement for a week. We do not want to do that.
Our need is given below
Months Expected Cumulative No. of Groups Expected Cumulative No. of Borrowers Expected Cumulative Disbursement
groups borrowers cumulative disbursement
May 90 180 1,040,000
June 130 250 1,600,000
July 180 340 2,320,000
August 230 460 3,120,000
September 290 660 3,920,000
October 350 900 4,720,000
November 410 1200 6,220,000
December 480 1500 7,720,000
January 550 1800 9,220,000
February 630 2100 10,720,000
March 710 2400 12,220,000
We hope to recieve 500,000 from TMN and 3,000,000 from FWWB in july. This would be sufficient for september.
The current situation is that BANKs are hesistating to lend us. We are not that creditworthy as we do not assets to match the loan amount. Funding agencies are loosening their purse strings slowly. We are trying hard to convince them to give more money. Without credit, we will be finding hard to sustain. To put in nutshell, our operative cost is Rs.100,000 per month and we are earning around 16000 per month. This deflicit will be made up when we reach the disbursement of Rs.9000,0000. We need that much amount of money in this year.
Through supporters like you, I requests you to find institutions with surplus money to support us as loan. Anyone is free to visit us and appraise our systems and processes and can check the beneficiaries directly in villages. The photos are uploaded on http://picasaweb.google.com/rchandra1231
We are supporting livelihood of 16 staff members and trying to increase the income of 100s of poor women borrowers. We have stopped two migration to Delhi and one person from Delhi has come back and joined us as staff member. Its better to earn Rs.3000 in home town than Rs.7000 in delhi.
I can not say in many words that I need money . This money will change the life of atleast 2000 people of Bihar this year. Once we are a success story, we hope to brings 1000s of crores of investment to Bihar on our shoulder.
So, I am doing my best in grounds of Bihar and rest I leave to wellwishers and almighty god.
Thanks for reading
Regards
Ravi Chandra
Regards
Sunday, May 11, 2008
Social Investment Platform
Dear Friends,
Greetings!
Bihar Development Trust has disbursed more than Rs.700,000 to more than 135 women borrowers in villages of Bhagalpur and Patna. We have got Rs.140,000 from these borrowers also. We are going ahead with our plans. All this has been possible due to you well wishes and contribution.
As we are moving ahead, we need more and more money to disburse to women members. We need loan from people who can trust us. People who are willing to give loans to us can inspect our accounts and do a appraisal of our work.
We are looking for loan amount of Rs.100,000 or more which can be repaid in one year or two years. The interest will be paid @12% per annum on reducing balance. This rate of interest in more than the interest rate earned on fixed deposits. We need Rs. 500,000 every month.
We are seeking people who believe in microfinance and recogonise its potential in economic development of Bihar. We are a social investment platform. People who believe that Bihar should develop economically should invest in us. Microfinance is a proven solution for increase in income for poor people who are engaged in any economic activity.
Many among you has supported us which has helped us to reach at this level. We need to grow and show a successful model emerging out of Bihar.
So please support us by giving us loan or access to loans. You can put us in direct contacts of any investor or banks above than CGM level( minimum state head) so that we cam present our plans to them.
Already in our seven months of operation, we have seen few positive impacts of microfinance. Our belief and respect in people of bihar has been increasing day by day. We are capable of becoming most prosperous state of India. We need investment.
Kindly invest in Bihar Development Trust.
Regards
Ravi Chandra
Greetings!
Bihar Development Trust has disbursed more than Rs.700,000 to more than 135 women borrowers in villages of Bhagalpur and Patna. We have got Rs.140,000 from these borrowers also. We are going ahead with our plans. All this has been possible due to you well wishes and contribution.
As we are moving ahead, we need more and more money to disburse to women members. We need loan from people who can trust us. People who are willing to give loans to us can inspect our accounts and do a appraisal of our work.
We are looking for loan amount of Rs.100,000 or more which can be repaid in one year or two years. The interest will be paid @12% per annum on reducing balance. This rate of interest in more than the interest rate earned on fixed deposits. We need Rs. 500,000 every month.
We are seeking people who believe in microfinance and recogonise its potential in economic development of Bihar. We are a social investment platform. People who believe that Bihar should develop economically should invest in us. Microfinance is a proven solution for increase in income for poor people who are engaged in any economic activity.
Many among you has supported us which has helped us to reach at this level. We need to grow and show a successful model emerging out of Bihar.
So please support us by giving us loan or access to loans. You can put us in direct contacts of any investor or banks above than CGM level( minimum state head) so that we cam present our plans to them.
Already in our seven months of operation, we have seen few positive impacts of microfinance. Our belief and respect in people of bihar has been increasing day by day. We are capable of becoming most prosperous state of India. We need investment.
Kindly invest in Bihar Development Trust.
Regards
Ravi Chandra
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