A185a Productive end use single phase flour mill machines with Pragathi Gramin Bank for small enterprises, Hiryur, Chitradurga district

A185a Productive end use single phase flour mill machines with Pragathi Gramin Bank for small enterprises, Hiryur, Chitradurga district

Project Dates

First draft 28 Feb 08

Project Photos

Project Financials

Project Details

This project is a replication of A150a Single Phase Flour Mill machines at Shimoga District, Karnataka at Chitradurga district. The customers will be located in Chitradurga and its surroundings. The main dealer (Mr. Satish, M/s.Anand Associates) for this Flour mill in Karnataka is located in Shimoga and provides no credit for purchase of these machines. The dealer in Shimoga is the main dealer for this product in Karnataka.Mr. A Sangamesh M/sNandi enterprises who is situated in tiptur is the sub-dealer for the product. The concept will therefore provide financial assistance to poor customers (willing to purchase the flour mill) through the local bank, Pragathi grameen bank (PGB).

The list of customers are as follows:

Name	m/c capacity	Total amount	Margin money	RF
Subhajaya, s/o Odhorangappa, Halmadenahalli, Hiriyur, Chitradurga	2HP	33,625/	8,406/	12,609/
D Manjunath s/o Dhibaiah Saint ann’s school road, Vedhavathinagar, Hiriyur, Chitradurga	2HP	33,652/	8,406/	12,609/
Lavanya w/o Kumaraswamy Teru beedhi, Hiriyur town, Chitradurga	1HP	16912/	4,228/	6,342/
Vanajakshi w/o Nilakantappa Teru beedhi, Hiriyur town, Chitradurga	2HPwet 1HP	24,787/ 16,912/	6,196/ 4,228/	9,295/ 6,342/
D Manjanna, s/o Dasappa Nayakarakotigge, Yelladakere post Hiriyur, Chitradurga	3HP	45,312/	11,328/	16,992/
Lakshmidevi, w/o Hanmanthappa Krishnappa layout, 1st cross, Vedhavathinagar,Hiriyur, Chitradurga	2HP	33,625/	8,406/	12,609/
Saraswathi, d/o Govindappa #10, 1st cross, Jagjeevanram nagar, A division, Hiriyur, Chitradurga	1HP	16,912/	4,228/	6,342/
Niganna	2HP	33,625/	8,406/	12,609/
Manjula, d/o Thippeswamy Adivala post, Hiriyur, Chitradurga	1HP	16,912/	4,228/	6,342/
Vishwanath, s/o Satyappa Sheshapanahalli, H M halli post Hiriyur, Chitradurga	2HP	33.625/	8,406/	12,609/
Mahalingappa, Huchavanahalli, Hiriyur, Chitradurga	2HP	33,625/	8,406/	12609/

Project Size Details

The project is to provide flour mills to 11 rural customers. The total project cost is Rs 3, 39,497 for 12 flour mills for 11 customers. The total margin money for 11 customers at 25% of the cost of a machine comes to Rs 84,872. Total revolving fund required is Rs 1, 27,311.

Project Impact Details

The project will provide flour mills to 11 rural customers who in turn will provide services to 50 households from each flour mill.

Estimated Pre-investment Costs

A 180a- Three Wheeler for Hawkers Light Points in KR Market, Bangalore, Karnataka

Implementation Start:

February 2008

Project Details

This project concept involves the provision for three wheeler transportation for micro enterprise investment located in KR Market, Bangalore, to provide lighting services to the Hawkers. The entrepreneur has expanded from 50 to 100 hawkers and hence needs a bigger transportation for the transportation of his batteries to and fro from the charging station. The three wheeler transportation will also aid the entrepreneur in expanding his customers and to other markets nearby.

Mr. Srinivas has been provided a loan for the advance payment for a Bajaj 4C Max three wheeler. The rest of the payment will be made by a loan by the entrepreneur from IndusInd Bank.


Project Financials
http://spreadsheets.google.com/pub?key=pwRdPi0mYDcJiSdxLsfY5ZA

Project Size Details

The three wheeler will initially be used to service hawkers in KR market and Kalasipalyam, and later for other areas once the entrepreneur goes for expansion.

Project Impact Details

The project will benefit the entrepreneur, currently an auto rickshaw driver and his younger brother who is assisting him in the project to manage the enterprise efficiently. Additionally, the hawkers will also benefit from access to convenient and clean lighting.

Estimated Pre-investment Costs

Total Costs- Rs. 2505

S3IDF costs

Personnel Costs – Rs. 2505

Other costs -

Total S3IDF costs – Rs. 2505

Returns for S3IDF Revolving Fund

12% average annual returns for three years.


Project Indicators

Investment Indicators:

Investment size – Rs. 1,38,000

Revolving fund – Rs. 50,000

RF to investment size – 36%

Cost Indicators

Total pre investment cost – Rs. 5510

Pre investment cost/Investment Ratio – 2%

Impact indicators

Number of direct beneficiaries – 3

Investment size/no. of beneficiaries – Rs. 46000


Project Risks

Project owner/operator risk:

Mr. Srinivas had been involved with another hawker light points project for more than a year and is familiar with the dynamics of the enterprise. Hence, the risk is less.

Market risk:

The entrepreneur is already operating the enterprise and is steadily increasing the customer base. There are demands for more from other markets in Gandhi Bazaar and Hanumanth Nagar, and the entrepreneur is planning to expand soon. Hence there is no market risk.

Technology risk:

There is no technology risk as Bajaj Automobiles is a well known company.

Portfolio risk:

There is no portfolio risk.

Mission risk:

There is no mission risk.

Partners

The entrepreneur, Mr. Srinivas N, the Bajaj Dealer and IndusInd Bank.