Dear Friends,
Greetings!!!
BDT wishes you a very Happy and Prosperous New Year 2011. We hope and pray that we all realise our potential and dreams in the coming years.
2010 is going to end and its time for reflection. 2011 is coming and its time to work for achieving the goals in 2011.
For BDT 2010 has been an exciting year. We are in our fourth year of existence and hence survived the initial three years that is crucial for any start up venture. BDT has survived in adverse condition is itself a testimony of its character. We started and were hit by 2008 Global crisis.As we are walking out of infant hood and growing as a child , we are hit by AP Crisis. We are not to be blame for both the crisis but we are the hardest hit by both crisis. In 2008, our supporters and well wishers bailed us out. This time our diversification strategy has helped us unknowingly. Our 50 team members are assured that there will be no lay offs and they can celebrate their new year with hope and better future. Those who have read ''WHO MOVED MY CHEESE'' can relate to BDT condition. AP Crisis has moved our cheese and luckily we have already planned for our new cheese and were getting it. Recent crisis has vindicated the BDT model of livelihood work along with microfinance programme. In the crisis, we have returned the money with an interest of 12% per annum to many of our initial contributors who helped to survive BDT three years ago. We are forever indebted to our initial contributors.
In Microfinance, the fresh credit has dried off since last three months and our portfolio is decreasing. We are waiting for fresh credit disbursement from our lenders. The repayment is continuously on time and we are able to repay all lenders on time and make some new loans in field. After achieving the breakeven, we have again slid into losses in our microfinance programme. We are now in thinking mode and asking for inputs to derisk the microfinance model from regulatory risk or risk from external environment. We have one of the most diversified lenders base in Bihar for our microfinance programme and well defined system and processes for a small microfinance operation like us. Rickshaw puller livelihood programme has also been growing along with microfinance programme.
Our Tasar Silk programme is running well and we have crossed the sales of Rs. 50 lakh in last six months. We are supporting the livelihood of around 100 weavers. We have founded Lodipur Bunkar Trust whose bank account has been opened in IDBI bank. The lodipur bunkar trust is the first Mutual Benefit Trust which will be getting shareholding in Tana Bana Marketing Private Limited which is the marketing company promoted by BDT founders. As marketing problem has been solved, we are struggling for working capital for growth. Our buyers include CFM, Rangsootra, Sadhna, Sewa and Fab India. FWWB has supported us with working capital loan.
Our agriculture programme has been started in Daudnagar, Aurangabad this year and is running on loan funds from well wishers till date. We have an outreach of around 500 farmers and in process of organising them into farmers club in 40 villages. These farmer club will have their own bank accounts and we hope to provide agri input extension and marketing linkage services through farmer clubs. We have crossed the sales of Rs. 20 lakh in seeds and vermicompost this year. We plan to procure 10000kg of rice from our member farmers. We hope to create storage space for farmers for better time value addition.
Our agarbatti stick making unit is in process of getting ready in Kahalgaon, Bhagalpur with support of NABARD. Around 500 women are now in process of being organised as SHG in three village around the unit. The machinery orders have been placed and we hope to begin production by end of Jan 2011. This unit has the potential to create 5000 employments in next five years in adjacent area. Besides, there will be bamboo plantation in 50 acres of Land in june 2011.
In 2010-2011,we have an outreach of 6000 families in three district and we are about to cross the revenue of Rs.100 lakh but very little surplus as a group. In 2011, we will be crossing an outreach of 10000 families in above four activities in three district and will try to cross the group revenue to Rs. 300 lakh. We are straddling the whole value chain of weaving, stick making and agriculture sectors. These are small pilots which are growing and taking shape. They have the potential to transform the whole sector and in this process create wealth for all stakeholders.
We are trying to catalyse million mutinies at individual household for development of Bihar. We feel happy when our office boy Ajit buys a TV at Diwali and has been able to support his brother education and family. We feel happy that Shivnandan, our weaver has been able to grow from weaver to a micro entrepreneur and is talking about sub contracting orders from us. We feel happy when our micro finance borrower Renu Devi who started in puja material shop in barari with our loan and share her growth story with our field officers over last two years. We feel happy when our field officers who started on paltry salary of Rs.500 a month are now earning 6000-8000 per month and able to command better respect and social status due to their improved economics. We have lots and lots of small success stories to share at micro level which we wish to document and share but can not do because of our inability to find time to documents them.
It our endeavour to share positive stories from Bihar and make you aware about the positive changes sweeping across Bihar at micro level.
We are grateful to support of you and donor agencies and financial institutions like FWWB, Ananya Finance, TMN,AIF, RGVN, IGS Basics, SIDBI, SBI, Union Bank, Indian Bank, PNB, NABARD, SDTT, AIACA, Ford Foundation, GTZ, KFW, WOG etc.
Thank you for reading such a long mail and Wish you and your family a very happy and prosperous 2011 !!!!
Regards
Dr Ravi Chandra
Managing Trustee
Bihar Development Trust
Saturday, January 1, 2011
Wednesday, August 18, 2010
Tuesday, August 17, 2010
Independence Day Greetings !!! BDT updates
Dear Friends,
Greetings from Bihar Development Trust!!!
Bihar Development Trust wishes you all a very Happy Independence Day. May we continue to work which will increase the pride of our country !!!
It has been long since I have updated you about the work of Bihar Development Trust. BDT is growing steadily in the field of Micro finance and Tasar Silk.
Till date, BDT has provided loans to more than 4200 women borrowers of amount more than 380 lakh rupees. Over last 18 month, our recovery rate is 100%. Our portfolio outstanding is Rs.150 lakh. There has been major changes in Micro finance Industry in last three months. SKS IPO has been oversubscribed by the market. Private sector banks are not agreeing to provide lending to Trust like BDT. There has been overwhelming pressure to transform into NBFC. We are not able to grow as we trapped in low equity-low debt vicious cycle. We have now decided to transform into NBFC . There has been tremendous interest in BDT micro finance and we have received lot of investment offers from High net worth individual
Over last three months , we have
1. Build Drinking water facility in Lodipur village
2. Cemented Drains in Lodipur Village
3. Cemented the 20 looms of weavers in Lodipur
4. Installed a hand pump and toilet for Girls and Boys in Govt School in Adampur, Bhagalpur
These works has been completed with the help of Sir Dorab Ji Tata Trust, All India Association for Craft workers Welfare Association and World of Good Development Foundation.
We need lakhs rupees as donation to our corpus to continue the development Trust to continue the development work. We will be able to execute special welfare projects in Bhagalpur and Patna area based on wishes of individual donors. You can give us donations for education of children of weavers and rickshaw pullers and health of women and girl child of these family. You can donate to BDT for constructing drinking water facility in your village school. You can suggest your own welfare activity for your area and sponser that.
We have been able to make 80 rickshaw pullers proud owners of their own rickshaw in Bhagalpur with the help of Punjab National Bank and American India Foundation. We have plans to scale up to 700-800 rickshaw pullers who will be made owner this year if our credit proposals are sanctioned by SIDBI.
We have been able to mobilise order worth Rs. 23 lakh from buyers like Fab India, Sadhna Udaipur, Rangsootra and CFM. Weavers has been provided training by designers from NID. This is helping us to employ around 100 handloom and powerloom weavers. Its not only handloom but Powerloom is also going through crisis. We are suffering from the working capital problems. We need 40% of the order size as working capital to execute the order. We will request our well wishers to provide us loans for working capital. We need help in up gradation of handloom as well as power looms which can weaver more meters of fabrics per day. Your support can increase the employment to 100s of weavers. We can play a part in increase the Bhagalpur share in overall textile trade of India and world. This trade has potential to provide employment to one lakh families in Bhagalpur.
Finally, we are planning to begin the construction of Agarbatti Stick Unit in Kahalgaon. The land site has been identified and NABARD may release the loan in this month. This project has the potential to provide employment to 5000 families in five six panchayat in Kahalgaon, Bhagalpur.
Over the last three months, we learnt a lot about the uncertainties about agri culture sector. Our agriculture programme suffered setback due to our inability to calculate the working capital right and our wrong decision of not to buy till wheat prices get down.We could not understand the high prices of wheat during our procurement and waited it to come down. We earned 20% on selling the small amount of wheat that we procured in a month.The drought in Bihar has been a surprising natural calamity.The drought failed our plan for promoting SRI. But, the three month experiment has provided a good learning experience which will help us to plan a better programme.
BDT has been planning to provide livelihood assistance to 50,000 families through integrated livelihood programmes with Agarbatti, Silk and agri related program in next five years.
Through its Micro finance NBFC, we plan to provide micro finance assistance to 200,000 families in next five year.
We are grateful to Ananya Finance, FWWB, TMN,RGVN, IGS BASICS, SBI, Union Bank, PNB, Indian Bank, SDTT,SIF, NABARD, SIDBI, AIACA, CFM and many other institutions for their assistance to BDT.
We would like to say that last three and half year has been a great roller coaster ride. We have suffered our bout of depression, nervousness, uncertainty, excitement, agonizing pain, heart felt satisfaction, ecstasy etc over last three year. We are happy to have our share that our decision to found Bihar Development Trust has been right. We are receiving lot of support, motivational mail and even fan mails in our inbox. We have able to provide motivation to lot of people through our initiatives. We would like to thank you all our wishers and friends for their support. We would like to continue our work in gratitude of your support. Few media coverage over last six months is attached with this mail. We hope to live in Developed Bihar very soon.
Thank you for reading such a long mail.
Jai Hind !!! Jai Bihar !!!
Yours Sincerely
Dr. Ravi Chandra
Greetings from Bihar Development Trust!!!
Bihar Development Trust wishes you all a very Happy Independence Day. May we continue to work which will increase the pride of our country !!!
It has been long since I have updated you about the work of Bihar Development Trust. BDT is growing steadily in the field of Micro finance and Tasar Silk.
Till date, BDT has provided loans to more than 4200 women borrowers of amount more than 380 lakh rupees. Over last 18 month, our recovery rate is 100%. Our portfolio outstanding is Rs.150 lakh. There has been major changes in Micro finance Industry in last three months. SKS IPO has been oversubscribed by the market. Private sector banks are not agreeing to provide lending to Trust like BDT. There has been overwhelming pressure to transform into NBFC. We are not able to grow as we trapped in low equity-low debt vicious cycle. We have now decided to transform into NBFC . There has been tremendous interest in BDT micro finance and we have received lot of investment offers from High net worth individual
Over last three months , we have
1. Build Drinking water facility in Lodipur village
2. Cemented Drains in Lodipur Village
3. Cemented the 20 looms of weavers in Lodipur
4. Installed a hand pump and toilet for Girls and Boys in Govt School in Adampur, Bhagalpur
These works has been completed with the help of Sir Dorab Ji Tata Trust, All India Association for Craft workers Welfare Association and World of Good Development Foundation.
We need lakhs rupees as donation to our corpus to continue the development Trust to continue the development work. We will be able to execute special welfare projects in Bhagalpur and Patna area based on wishes of individual donors. You can give us donations for education of children of weavers and rickshaw pullers and health of women and girl child of these family. You can donate to BDT for constructing drinking water facility in your village school. You can suggest your own welfare activity for your area and sponser that.
We have been able to make 80 rickshaw pullers proud owners of their own rickshaw in Bhagalpur with the help of Punjab National Bank and American India Foundation. We have plans to scale up to 700-800 rickshaw pullers who will be made owner this year if our credit proposals are sanctioned by SIDBI.
We have been able to mobilise order worth Rs. 23 lakh from buyers like Fab India, Sadhna Udaipur, Rangsootra and CFM. Weavers has been provided training by designers from NID. This is helping us to employ around 100 handloom and powerloom weavers. Its not only handloom but Powerloom is also going through crisis. We are suffering from the working capital problems. We need 40% of the order size as working capital to execute the order. We will request our well wishers to provide us loans for working capital. We need help in up gradation of handloom as well as power looms which can weaver more meters of fabrics per day. Your support can increase the employment to 100s of weavers. We can play a part in increase the Bhagalpur share in overall textile trade of India and world. This trade has potential to provide employment to one lakh families in Bhagalpur.
Finally, we are planning to begin the construction of Agarbatti Stick Unit in Kahalgaon. The land site has been identified and NABARD may release the loan in this month. This project has the potential to provide employment to 5000 families in five six panchayat in Kahalgaon, Bhagalpur.
Over the last three months, we learnt a lot about the uncertainties about agri culture sector. Our agriculture programme suffered setback due to our inability to calculate the working capital right and our wrong decision of not to buy till wheat prices get down.We could not understand the high prices of wheat during our procurement and waited it to come down. We earned 20% on selling the small amount of wheat that we procured in a month.The drought in Bihar has been a surprising natural calamity.The drought failed our plan for promoting SRI. But, the three month experiment has provided a good learning experience which will help us to plan a better programme.
BDT has been planning to provide livelihood assistance to 50,000 families through integrated livelihood programmes with Agarbatti, Silk and agri related program in next five years.
Through its Micro finance NBFC, we plan to provide micro finance assistance to 200,000 families in next five year.
We are grateful to Ananya Finance, FWWB, TMN,RGVN, IGS BASICS, SBI, Union Bank, PNB, Indian Bank, SDTT,SIF, NABARD, SIDBI, AIACA, CFM and many other institutions for their assistance to BDT.
We would like to say that last three and half year has been a great roller coaster ride. We have suffered our bout of depression, nervousness, uncertainty, excitement, agonizing pain, heart felt satisfaction, ecstasy etc over last three year. We are happy to have our share that our decision to found Bihar Development Trust has been right. We are receiving lot of support, motivational mail and even fan mails in our inbox. We have able to provide motivation to lot of people through our initiatives. We would like to thank you all our wishers and friends for their support. We would like to continue our work in gratitude of your support. Few media coverage over last six months is attached with this mail. We hope to live in Developed Bihar very soon.
Thank you for reading such a long mail.
Jai Hind !!! Jai Bihar !!!
Yours Sincerely
Dr. Ravi Chandra
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