BDT UPDATES

Dear Friends,

Greetings from BDT!!!

BDT is growing. It can be confirmed now. We have completed three year of existence and happy to share following figures with you. It gives you a snapshot of our activity in last three years in number terms. For qualitative experience, you need to visit our operational area and feel the impact.

1.0
Status of Operation
As on 31 Mar, 2008
As on 31 Mar, 2009
As on 31 Mar, 2010
As on May 31, 2010

1.1
Total field staff
3
7
8
9

1.2
Total office staff
2
6
9
9

1.3
Total staffs
5
13
17
18

1.4
Total Branches
1
2
2
2

1.5
Districts
Bhagalpur
Bhagalpur

Patna
Bhagalpur

Patna
Bhagalpur

Patna

1.6
Total groupsSHG/JLG
20
400 (5 member)
400 (10 member)
500

1.7
Total members
100
2,000
4000
5,000

1.8
Total Cumulative Borrowers
89
1084
3117
3726

1.9
Active Borrowers
89
945
1963
2419

2
Financial Status (Rs)
As on 31 Mar, 2008
As on 31 Mar, 2009
As on 31 Mar, 2010
As on May 31, 2010

2.1
Loan Disbursed (Rs. In Lakhs )
4.55
74.81
185.67
63.20

Total Cumulative Disbursement (Rs. In Lakhs)
4.55
79.36
265.03
328.24

2.2
Repayment Rate
100%
99%
100%
100%

2.3
Outstanding (Rs. In Lakhs)
3.79
47.51
112.86
142.70

2.4
Portfolio At Risk 30 days
0%
1.1%
0.015%
0.01%

3
Source of Funds (Rs in Lakhs)
2007- 2008
2008- 2009
2009- 2010
2010-2011

3.1
FWWB, Ahmedabad
3.00
10.00
70.00
25.00

3.2
RGVN, Patna
1.80
5.00
13.00
0

3.3
BASICS, Hyderabad
0
10.00
10.00
0

3.4
TMN, Lucknow
0
30.00
50.00
10.00

3.5
Indian Bank, Microsate, Patna-20
0
10.00
0
00

3.6
PNB, Bhagalpur
0
0
3.28
4.22

3.6
SBI, Kankarbagh, Patna
0
0
0
30.00

3.7
Union Bank
0
0
0
10.00

Total
4.80
65.00
146.28
79.22




4.0
Financials Parameters
As on 31 Mar, 2008
As on 31 Mar, 2009
As on 31 Mar, 2010


4.1
Balance Sheet Size ( Rs. in lakhs)
12.07
75.67
170.84


4.2
Revenue ( Rs. in Lakhs )
5.20
17.67
46.00


4.3
Surplus ( Rs. in Lakhs
0.07
0.76
2.06


5.0
Business & Human Resources






5.1
Verticals
Microfinance
Microfinance, Silk
Microfinance Silk Agriculture
Microfinance

Silk

Agriculture

Bamboo

5.2
Total Office staffs
5
15
35
38



This time its only figures. I will request people to provide feedback on basis of these figures.

This time its only figures. I will request people to provide feedback on basis of these figures.

1. There have been questions about our pace of growth. Many friends feel that with 4 professionals actively involved in running the organisation, there is huge opportunity cost we have incurred. The promoters are not paying themsleves a market salary for last three years. The cost of our sweat if included in the operation, will show that we have managed highly inefficiently. We have not grown as per our potential.

Ans. The opportunity cost has been huge. Personal pain and Social pressure are being felt even today. We feel that the initiative will py in long term. Its not only about money. We are trying, experimenting and learning. We are doing as per our existing knowledge and local dynamics. The basix crux is that BDT is an initiative which has been born out of a capital of Rs.5000, a Laptop and a datacard. Only thing we have is the will power to make a positive difference in Bihar. What we have done is in front of you. We are not perfect. We did not know many thing. We are still not aware about many standards. legal compliances . Make us aware. We do many mistakes and are learning the hardway.

2. The other question is our diversification. Due to the diversification, we have not been grown in Microfinance as we should have been. People suggest that if we single handedly focus on microfinance, we could have done more on that front and would have a bigger portfolio.

Ans. Our idea has to Develop Bihar as a geography. Only one activity is not sufficient enough. Now, we are present in four activity and will work in consolidating and sscaling up these activities for next few years. Finally we are focussed on these 4 activity and will try to reach around 200,000 families in these activities in next five years. This will require a mammoth exercise in strategy and execution and create employment for thousands of family. We are saying no to any other activity now.

3. The third question is our governance.

Ans. We feel that BDT is one of the most transparent and communicative organisation. Please visit www.bihardev.pbworks.com where since last three years, i have been painstakingly updating all information and changes. I plan to keep doing it lifelong. Through BDT updates, we have been communicating every decisions and future plans to stakeholders and wellwishers. We are taking feedbacks also and improving ourselves. We need support in improving our governance standards and committed to act in this regard. I am attaching the Board of Trustee profile for you.

4. What has been an impact of our initiative? Has we been able to create any change in the society in which we are working in? Is Bihar ( 4000 families ) better off due to initiatives of BDT? Have we contributed to positive image of Bihar?

Ans. Bihar Development Trust was an emotional decision for the founders as they wanted their state to progress and contribute their bit towards it. Besides, the business logic was that 10 crore population of Bihar as a market which will grow provided law order and governance improves. The decision to start was not a rational one but in hindsight it looks like a master stroke to many. We now have a foot hold in an emerging market which is going to grow very rapidly so that it comes at par to national figures of consumption. We hope that people feel that we have added to the positive image of Bihar.

We are present in three districts and in four verticals. We plan to focus on only these activities for next few years although the number of district will increase.

We are grappling with all the four questions. We would like some one to document our evolution and impact on society by the works of BDT.

We would like you to keep guiding us, mentoring us, scolding us and just call on 9771438191 to chit chat.

I am dedicated to recieve your calls and feedbacks. Waiting for your call

Thank you for reading the long mail.

Regards

Dr. Ravi Chandra