Running Details of S3IDF Milk Transportation Trucks

This is a link to the milk transportation projects of S3IDF. As of June 08, we have two milk trucks running in Chitradurga. Please see consolidated sheet for summary of the Income Statement.
All expense and income details should be available in the document
http://spreadsheets.google.com/pub?key=pwRdPi0mYDcK3l2dB_ubzaA

A 196- Hawker Light Point Project in Vijayanagar, Bangalore, Karnataka

Project Dates
Implementation Start: June 2008

Project Details
This project concept involves the creation of a new micro enterprise investment, which, located in the un-electrified/under-electrified Hawker’s (street sellers) community in Vijayanagar, Bangalore, will provide lighting to the Hawkers.

Anand, who has been helping Srinivas in Banashankari, approached S3IDF for starting his own enterprise in Vijayanagar market. However, hawkers from KR Market approached Srinivas to restart his business there at about the same time. The project had gone into hiatus due to problems faced by the administration in KR Market and the entrepreneur had consequently shifted to Banashankari market. The hawkers and their leaders came together to demand for the lights again and have asked the entrepreneur to resume his business in KR Market. They have also assured that he will not face any more problems from the administration or any other organization. However as Srinivas is trying to set up in Banashankari, he asked his brother Anand to resume the business in KR Market.

Seeing the risks involved in KR Market, Anand has decided to use the charging station in KR Market but start operations with Vijayanagar market. The distance between the charging station and Vijayanagar market is 2 kms.

In this specific instance, the charging will be done by full grid charging. The current capacity for the charging station is designed to be for 50 hawkers.

For this project, 55 batteries along with 50 light points, 1 charger and other accessories will be used. Initially it was decided that batteries, a charger, lightpoints and other accessories will be shifted from Banashankari. However, Srinivas has increased his customers to close to 70 and is looking to expand more. Therefore, only the charger is being transferred to Vijayanagar project. The charging station which was being used earlier has still not been occupied and will be used by Anand again.

Syndicate Bank, Chikpet branch has been approached for the financing of the project. The Bank Manager has suggested providing the loan under SJSRY and other subsidy schemes under DIC (these schemes require just registration for caste quota or women quota, which Anand’s wife can do). Their targets for these schemes have not been met and they would definitely look at our entrepreneurs under those categories. In case, we are not able to leverage those schemes, he will be providing loan to the entrepreneur provided Anand gets a guarantor and we might have to put partial guarantee too.

The direct loan is being given on a short term basis till the loan with the bank is done. One of the reason is that the hawkers had been using emergency lanterns which are giving away now and the entrepreneur feels that it is the right time to start the project. The modalities of transferring the project have been discussed with the bank manager and they have agreed for the transfer too.

Note: Srinivas gives one battery in a place for 2 days. The usage is from 6:30/7 pm to maximum 10 pm. This means that he charges close to 40 batteries in a day and hence needs only one charger. I have got batteries checked through the altometer (after charging and after usage) by Purushottam and the batteries seem to be well maintained. Srinivas has been informed that he will have to buy a charger on his own in case he needs it in the future.

Project Financials
http://spreadsheets.google.com/pub?key=pwRdPi0mYDcKOkRUsCEagCg

Project Size Details
The entrepreneur will initially start servicing 50 hawkers, expanding the business once the demand for the lights increase.

Project Impact Details
The project will benefit the entrepreneur, currently assisting Srinivas in Banashankari. Additionally, the hawkers will also benefit from access to convenient and clean lighting.

Estimated Pre-investment Costs
Total Costs- Rs. 5510

S3IDF costs
Personnel Costs – Rs. 5010
Other costs - Rs. 500
Total S3IDF costs – Rs. 5510

Returns for S3IDF Revolving Fund
11% average annual returns

Project Indicators

Investment Indicators:
Investment size – Rs. 222779
Revolving fund – Rs. 222779
RF to investment size – 100%

Cost Indicators
Total pre investment cost – Rs. 5510
Pre investment cost/Investment Ratio – 2%

Impact indicators
Number of direct beneficiaries – 51 (at the start of the project)
Investment size/no. of beneficiaries – Rs. 4368

Project Risks

Project owner/operator risk:
Mr. Anand had been involved with another hawker light points project and is familiar with the dynamics of the enterprise. Hence, the risk is less.

Market risk:
The hawkers in Vijayanagar market use a combination of gas and kerosene lanterns. Some of them have started using emergency lanterns while others use the street light available to them. The entrepreneur is confident of targeting the hawkers using kerosene and gas lanterns initially, slowly covering others when their emergency lanterns give away. The entrepreneur is confident of getting close to 30 customers in the market after the demonstration of the lights.

Technology risk:
There is no technology risk as the batteries (Shakti batteries) and the light points designed are being used by other entrepreneurs in their own project without any problems.

Portfolio risk:
There is no portfolio risk.

Mission risk:
There is no mission risk.

Partners
The entrepreneur, Mr. Anand and the battery supplier, Sakthi batteries.

A75u-I. LPG Connection financing in Nayakanahatti, Chitradurga District, Karnataka

Project Dates

Implementation start: Oct 07

Project Photos

Project Details

This project is to provide LPG connection financing to the members of Chaitanya MFI. Till the end of October 07, Chaitanya had 105 members. Of this 30 members require LPG connection financing as of end October 07. This need is expected to rise. Although there is a huge demand for LPG, supply of new connections is not always available. The local dealer releases small no. of connections once in a while. For customers to avail this window of opportunity they need to have the financing readily available to pay and get it. Loans from banks are generally slow and within the time the loan is sanctioned, the window of opportunity is lost.

Chaitanya MFI will give its customers, individual loans of size Rs. 3000 for a period of 50 weeks charging an interest of 15% flat. As of end October 30 customers are already existing. Within the next one month, another 20 are expected to be given LPG loans. In the next year another 50 are expected to be given LPG loans.

List of first 30 customers:

Project Financials
http://spreadsheets.google.com/pub?key=pwRdPi0mYDcLvojJJovlZOQ

put this spreadsheet again on 26 June 08

Project Size Details

This project is LPG connection financing for 50 customers in the first year and another 50 customers in the second year

Project Impact Details

The project will provide LPG for cooking to 100 households in 2 years. For the 100 households they will get a clean and convenient option for cooking.

Estimated Pre-investment Costs

Total Costs – Rs. 4835

S3IDF costs

Personnel costs – Rs. 835

Other costs – Rs. 2000

Total S3IDF costs – Rs. 2835

Partner costs

Personnel costs – Rs. 2000

Other costs

Total Partner costs – Rs. 2000

Returns for S3IDF Revolving Fund

8% flat annual returns;

15% actual returns

Project Indicators

Investment indicators:

Investment size – Rs. 150000

Revolving fund – Rs. 150000

RF to investment size –1

Cost Indicators

Total pre investment cost – Rs. 4835

Pre investment cost/Investment Ratio – 3%

Impact indicators

No. of direct beneficiaries – 100 (over 2 years)

Investment size /no. of beneficiaries –Rs. 1500

Project Risks

Project Owner/operator risk:

The operator is Chaitanya microfinance. This is a new microfinance institution. So there is a risk associated with a new comer. However, Chaitanya has done multiple projects with S3IDF and their repayments have had no problems. Hence this is not such a big risk.

Market risk: There is no market risk

Technology risk: There is no technology risk

Portfolio risk: There is no portfolio risk

Mission risk: There is no mission risk

Partners

Chaitanya Foundation, Indane dealer at Chalakere

A75w -Expansion of LPG connection financing in Nayakanahatti, Chitradurga District, Karnataka

Name of the Project

A75w. Expansion of LPG connection financing in Nayakanahatti, Chitradurga District, Karnataka

Project Dates
Implementation start: Jan 08

Project Photos

Project Details

This project follows A75u – LPG connection financing at Nayakanahatti. Through A75u 40 households have been given LPG connection financing. (The list of the customers is given at the end of this document) There is a need for a further 50 connections at Nayakanahatti, 20 connections at Jaglur and 10 connections at Kanahosalli. The connections at Jaglur and Kanahosalli will be through S3IDF’s infrastructure shops at Jaglur and Kanahosalli.

The financing will be done through Chaitanya MFI. Chaitanya MFI will give its customers, individual loans for the LPG connection for a period of 50 weeks charging an interest of 15% flat.

Project Financials

http://spreadsheets.google.com/pub?key=pwRdPi0mYDcIi_SPbUs26Qw

Project Size Details

The size of the project will be as follows:

Location	Number	Price of 1 connection	Total cost
Nayakanahatti	50	3000	150000
Jaglur	20	5000	100000
Kanahosalli	10	5000	50000
Total			300000

Project Impact Details

The project will provide LPG for cooking to 80 households. The impact of the project will be access of LPG cooking to 80 poor households.

Estimated Pre-investment Costs
Total Expected Costs – Rs. 7670

S3IDF costs

Personnel costs – Rs. 1670

Other costs – Rs. 2000

Total S3IDF costs – Rs. 3670

Partner costs

Personnel costs – Rs. 4000

Other costs

Total Partner costs – Rs. 4000

Returns for S3IDF Revolving Fund

8% flat annual returns;

15% actual returns

Project Indicators

Investment indicators:

Investment size – Rs. 300000

Revolving fund – Rs. 300000

RF to investment size –1

Cost Indicators

Total pre investment cost – Rs. 7670

Pre investment cost/Investment Ratio – 3%

Impact indicators

No. of direct beneficiaries – 80

Investment size /no. of beneficiaries – Rs. 3750

Project Risks

Project Owner/operator risk:

The operator is Chaitanya microfinance. This is a new microfinance institution. So there is a risk associated with a new comer. However, Chaitanya has done multiple projects with S3IDF and their repayments have had no problems. Hence this is not such a big risk.

Market risk: There is no market risk

Technology risk: There is no technology risk

Portfolio risk: There is no portfolio risk

Mission risk: There is no mission risk

Partners

Chaitanya, local LPG suppliers in Nayakanahatti, Jaglur and Kanahosalli

A75u - List of LPG connections
	Name	Location	Amount given
Members made in the month of October 07
1	Thippamma	Nayakanahatty	3000
2	Manjula	Nayakanahatty	3000
3	Gowramma	Nayakanahatty	3000
4	Manjula	Nayakanahatty	3000
5	Nagarathnamma	Nayakanahatty	3000
Members made in the month of November 07
6	Anusuyamma	Nayakanahatty	3000
7	Jayalakshmi	Nayakanahatty	3000
8	Manjamma	Nayakanahatty	3000
9	Haseena	Nayakanahatty	3000
10	Noorunnisa	Nayakanahatty	3000
11	Thippamma	Nayakanahatty	3000
Members made in the month of December 07
12	Nagaveeni	Nayakanahatty	3000
13	Naveeda	Nayakanahatty	3000
14	Faijunnisa	Nayakanahatty	3000
15	Haseena	Nayakanahatty	3000
16	rahamath Bi	Nayakanahatty	3000
17	Vishalakshi	Nayakanahatty	3000
18	Gangamma	Nayakanahatty	3000
19	Sunandamma	Nayakanahatty	3000
20	Jayamma	Nayakanahatty	3000
21	Mallamma Sp	Nayakanahatty	3000
22	Nandini	Nayakanahatty	3000
23	Thasleem	Nayakanahatty	3000
24	Shaheena	Nayakanahatty	3000
25	Papakka	Nayakanahatty	3000
26	Mamthaj Begam	Nayakanahatty	3000
27	Sunanda	Nayakanahatty	3000
28	Manjula	Nayakanahatty	3000
29	Thippamma	Nayakanahatty	3000
30	Vanajakshamma	Nayakanahatty	3000
31	Manjamma	Nayakanahatty	3000
32	Vasanthamma	Nayakanahatty	3000
33	Renukamma	Nayakanahatty	3000
34	Anusuyamma	Nayakanahatty	3000
35	Shilpa	Nayakanahatty	3000
36	Sharadamma	Nayakanahatty	3000
37	Sunandamma	Nayakanahatty	3000
38	Julzar Banu	Nayakanahatty	3000
39	Sapurabi	Nayakanahatty	3000
40	Thaheer banu	Nayakanahatty	3000
41	Sreemathamma	Nayakanahatty	3000
42	Manjulamma	Nayakanahatty	3000
43	Bhagyamma	Nayakanahatty	3000
44	Vijayamma	Nayakanahatty	3000
45	Vanajakshi	Nayakanahatty	3000
46	Nethramma	Nayakanahatty	3000
47	Abida banu	Nayakanahatty	3000
48	Husen Bi	Nayakanahatty	3000
49	Mubina Banu	Nayakanahatty	3000
50	Neelamma	Nayakanahatty	3000
Total			150000

A75ab- LPG Connection financing in Jaglur

Project Dates

Project Approval Document – May 12, 2008

Project Photos

Project Details

This project follows A75u and A75w – LPG connection financing at Nayakanahatti and Jaglur. Through A75u and A75w 125 households have been given LPG connection financing. The connections have been given through S3IDF infrastructure shops. The financing will be done through Chaitanya MFI. Chaitanya MFI will give its customers, individual loans for the LPG connection for a period of 50 weeks charging an interest of 15% flat. There is an additional requirement for 150 LPG connections at Jaglur, however Chaitanya MFI is targeting giving 40 connections only due to the lack of funds. The total project cost for giving LPG connections to 40 households is Rs. 200000. Of this Rs. 100000 will be the contribution from Chaitanya Foundation and Rs. 100000 is the support required from S3IDF.

Project Financials

http://spreadsheets.google.com/pub?key=pwRdPi0mYDcJCs6J1VU_nJQ

Project Size Details

The size of the project will be as follows:

Location	Number	Price of 1 connection	Total cost
Jaglur	40	5000	200000

Project Impact Details

The project will provide LPG for cooking to 40 households. The impact of the project will be access of LPG cooking to 40 poor households.

Estimated Pre-investment Costs

Total Expected Costs – Rs. 5340

S3IDF costs

Personnel costs – Rs. 3340

Other costs – Rs. 2000

Total S3IDF costs – Rs. 5340

Partner costs

Personnel costs – 0

Other costs - 0

Total Partner costs – 0

Returns for S3IDF Revolving Fund

8% flat annual returns;

15 % returns on a reducing balance method

Project Indicators

Investment indicators:

Investment size – Rs. 200000

Revolving fund – Rs. 100000

RF to investment size – 50%

Cost Indicators

Total pre investment cost – Rs. 5340

Pre investment cost/Investment Ratio – 3%

Impact indicators

No. of direct beneficiaries – 40

Investment size /no. of beneficiaries – Rs. 5000

Project Risks

Project Owner/operator risk:

The operator is Chaitanya microfinance. This is a new microfinance institution. So there is a risk associated with a new comer. However, Chaitanya has done multiple projects with S3IDF and their repayments have had no problems. Hence this is not such a big risk.

Market risk: There is no market risk

Technology risk: There is no technology risk

Portfolio risk: There is no portfolio risk

Mission risk: There is no mission risk

Partners

Chaitanya, local LPG suppliers in Jaglur

Repayment Tracker

Repayment Tracker (updated till June 15, 2008)
http://spreadsheets.google.com/pub?key=pwRdPi0mYDcLxVDiGbhrlNA

S3IDF Document Tracker

http://spreadsheets.google.com/pub?key=pwRdPi0mYDcKRH5gwrOfhAA
published on June 4, 2008