It has been long time since I wrote anything on this blog. Facebook has taken the space for the small headlines. But for long write up, this is the place.
Over last one year and half, things were too hazy and tough but we persisted and waited for some divine moment of inspiration. The inspiration never came but small small steps towards survival guided our way forward. Only good thing that we did that we kept walking. We kept on moving despite having hazy vision and dark clouds.
At this moment of time, the path way forward is getting more clearer.
Bihar Development Trust as a non profit organisation will survive now.
BDT 2.0 will be different from last five years. The headlines will be changed. The focus will be sharp.It will become a professional led organisation with 100% dependence on grant and donation for its work. It will exit from the social business space over next five years and the space will be taken over by businesses in private limited company mode. Over the next five years, Its debt will reduced to zero and it will execute projects on grants only. Its main role will be to build community based institution and enable them to do business in this market economy. All this nurturing will be done by the support of grants only.The focus area of Bihar Development Trust is also getting delineated. It will work on bamboo and weaving thematic area. This will entails fields like livelihood promotion, institution building, capacity building, climate change, environment , sustainable development etc. We are planning to hand over the management of Bihar Development Trust to professionals by 2017. The idea is to transform Bihar Development Trust into a resource organisation on Bamboo and weaving over next five years. Marketing activity of Bamboo based programme and weaving based programme is in process of being shifted to private limited company form.
We have become more patient and preferring to go slow and focus on consolidation of the business processes.Lot of innovation and good HR practices have evolved after these two years of struggle of becoming focussed.
The faith has become stronger . The ability to survive has acquired a new meaning.
Lots of things are happening which will be shared in coming posts.
Showing posts with label NGO. Show all posts
Showing posts with label NGO. Show all posts
Sunday, July 15, 2012
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
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