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
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