http://docs.google.com/Doc?id=dft8hdgq_11f8d5nqch
Financials at
http://spreadsheets.google.com/pub?key=p
Thursday, September 4, 2008
A198 Provision of efficient and smokeless clay stoves in Siddehalli and Mustur villages, Chitradurga District, Karnataka
PAD at
http://docs.google.com/Doc?id=dft8hdgq_11f8d5nqch
Financials at
http://spreadsheets.google.com/pub?key=pwRdPi0mYDcKY1o10eQZFDw
http://docs.google.com/Doc?id=dft8hdgq_11f8d5nqch
Financials at
http://spreadsheets.google.com/pub?key=p
Wednesday, August 20, 2008
A197. Support for Productive end-use and and Livelihood Ventures via NGO Spoorthy at Mysore and Chamrajnagar districts, Karnataka
Project Dates
Implementation Start: July 2008
Project Details
The project concept involves providing financial assistance to 38 individual SHG members who have started/expanded various self employment activities after undergoing training by Entrepreneurship Development Institute of India (EDI). The NGO Spoorthi was responsible for the selection of the candidates and now is involved in monitoring these women entrepreneurs on a constant basis along with EDI.
Verification of the women entrepreneurs has been done through a visit to their places of business in Kollegala and Mysore. The women are highly motivated to expand their businesses and are already seeing profits ranging from Rs. 2000 to Rs. 12000. Only women needing infrastructure services for their busnesses (like machines) and women dealing with infrastructure products/services have been selected for the loan. The details of the entrepreneurs are attached.
About Spoorthi: Spoorthi Janaabhivrudhi Samste (hereafter referred to as “Spoorthi”) has been registered under the Karnataka Societies Registration Act, 1960 in 2006. Spoorthi has been involved in SHG creation and various awareness programs in addition to providing financial assistance to the women’s groups that it has mentored. Right now it has close to 70 SHGs in Mysore District.
State Bank of India, Chamundipuram Branch has come forward to provide loans to these women entrepreneurs. The beneficiaries will give a margin money of 25% of the project cost and S3IDF will have to put in a partial guarantee of 50% of the loan amount. The loan will be given to Spoorthi against the partial guarantee given by S3IDF, which in turn will give the loan to the individual SHG members. The rate of interest levied by the bank will be maximum 15% and that levied by the NGO would be maximum 20%. (The rate of interest will be decided by the bank once a detailed project report is submitted by the NGO. The Manager has assured between 11 to 15%. The NGO is looking at leveraging lesser rate of interest from the bank so as to keep the overall rate of interest to less than 20% for the benefeciaries). The loan period will be 1 year. Details are attached in the excel file.
Project Financials
http://spreadsheets.google.com/pub?key=pwRdPi0mYDcLmZqg4SVCgEA
Project Size Details
The project involves providing loans to 38 individual SHG members (except for 4 non SHG members). The project cost comes upto Rs 10,35,000.
Project Impact Details
The project will impact first and foremost the women entrepreneurs who have been motivated by the EDI training to start/expand their own various enterprises and belong to low income group striving to improve their standard of living.
The NGO will also benefit from the loan as it is still finding its feet and this will enable it to support the women it helped to get trained. This loan will also enable the NGO to train more interested women entrepreneurs under EDI.
Estimated Pre-investment Costs
Total Costs- Rs. 18690
S3IDF costs
Personnel Costs – Rs. 11690
Other costs - Rs. 7000
Total S3IDF costs – Rs. 18690
Returns for S3IDF Revolving Fund
17% annual returns for 1 year
Project Indicators
Investment Indicators:
Investment size – Rs. 1035000
Revolving fund – Rs. 388125
RF to investment size – 38%
Cost Indicators
Total pre investment cost – Rs. 18690
Pre investment cost/Investment Ratio – 1.81%
Impact indicators
Number of direct beneficiaries – 44
Investment size/no. of beneficiaries – Rs. 23523
Project Risks
Project owner/operator risk:
There is a risk involved as the NGO Spoorthi has been around for 2 years and has never taken a loan as an NGO. However, the NGO has experience with 70 SHGs and is looking to expand more. Seeing the fact that they did a good job with the first batch of trainees in terms of selection across different SHG groups (many belonging to other NGOs) and are still actively involved in monitoring the entrepreneurs, the NGO seems to be serious about its work. The NGO can be looked at partnership in the same way as CRWCWS. It is training more SHG members under EDI again; hence S3IDF can look into supporting more such women entrepreneurs for them.
With regards to repayment, the NGO has animators constantly on the field in Mysore and Kollegala. The repayment will be collected by them during the monthly meeting of the SHGs, and a system of fines and checks (already developed for SHGs for SHG loans) will ensure timely repayment.
Market risk:
There can be market risk for the entrepreneurs as most are into tailoring and are looking at expanding in that field. However, all of them have been getting orders and materials from merchants, and as such do not act as tailors for their areas. There is a lot of market in Mandya and Mysore and the entrepreneurs are tapping such areas. Moreover, they are into specialized work such as chamki work and embroidery, which is better paying and is still in demand.
Technology risk:
There is no technology risk.
Portfolio risk:
There is no portfolio risk.
Mission risk:
There is no mission risk. Entrepreneurs who were not falling under our mission had to be dropped and only those which came under the purview of infrastructure have been selected.
Partners
Spoorthi, State Bank of India
Implementation Start: July 2008
Project Details
The project concept involves providing financial assistance to 38 individual SHG members who have started/expanded various self employment activities after undergoing training by Entrepreneurship Development Institute of India (EDI). The NGO Spoorthi was responsible for the selection of the candidates and now is involved in monitoring these women entrepreneurs on a constant basis along with EDI.
Verification of the women entrepreneurs has been done through a visit to their places of business in Kollegala and Mysore. The women are highly motivated to expand their businesses and are already seeing profits ranging from Rs. 2000 to Rs. 12000. Only women needing infrastructure services for their busnesses (like machines) and women dealing with infrastructure products/services have been selected for the loan. The details of the entrepreneurs are attached.
About Spoorthi: Spoorthi Janaabhivrudhi Samste (hereafter referred to as “Spoorthi”) has been registered under the Karnataka Societies Registration Act, 1960 in 2006. Spoorthi has been involved in SHG creation and various awareness programs in addition to providing financial assistance to the women’s groups that it has mentored. Right now it has close to 70 SHGs in Mysore District.
State Bank of India, Chamundipuram Branch has come forward to provide loans to these women entrepreneurs. The beneficiaries will give a margin money of 25% of the project cost and S3IDF will have to put in a partial guarantee of 50% of the loan amount. The loan will be given to Spoorthi against the partial guarantee given by S3IDF, which in turn will give the loan to the individual SHG members. The rate of interest levied by the bank will be maximum 15% and that levied by the NGO would be maximum 20%. (The rate of interest will be decided by the bank once a detailed project report is submitted by the NGO. The Manager has assured between 11 to 15%. The NGO is looking at leveraging lesser rate of interest from the bank so as to keep the overall rate of interest to less than 20% for the benefeciaries). The loan period will be 1 year. Details are attached in the excel file.
Project Financials
http://spreadsheets.google.com/pub?key=pwRdPi0mYDcLmZqg4SVCgEA
Project Size Details
The project involves providing loans to 38 individual SHG members (except for 4 non SHG members). The project cost comes upto Rs 10,35,000.
Project Impact Details
The project will impact first and foremost the women entrepreneurs who have been motivated by the EDI training to start/expand their own various enterprises and belong to low income group striving to improve their standard of living.
The NGO will also benefit from the loan as it is still finding its feet and this will enable it to support the women it helped to get trained. This loan will also enable the NGO to train more interested women entrepreneurs under EDI.
Estimated Pre-investment Costs
Total Costs- Rs. 18690
S3IDF costs
Personnel Costs – Rs. 11690
Other costs - Rs. 7000
Total S3IDF costs – Rs. 18690
Returns for S3IDF Revolving Fund
17% annual returns for 1 year
Project Indicators
Investment Indicators:
Investment size – Rs. 1035000
Revolving fund – Rs. 388125
RF to investment size – 38%
Cost Indicators
Total pre investment cost – Rs. 18690
Pre investment cost/Investment Ratio – 1.81%
Impact indicators
Number of direct beneficiaries – 44
Investment size/no. of beneficiaries – Rs. 23523
Project Risks
Project owner/operator risk:
There is a risk involved as the NGO Spoorthi has been around for 2 years and has never taken a loan as an NGO. However, the NGO has experience with 70 SHGs and is looking to expand more. Seeing the fact that they did a good job with the first batch of trainees in terms of selection across different SHG groups (many belonging to other NGOs) and are still actively involved in monitoring the entrepreneurs, the NGO seems to be serious about its work. The NGO can be looked at partnership in the same way as CRWCWS. It is training more SHG members under EDI again; hence S3IDF can look into supporting more such women entrepreneurs for them.
With regards to repayment, the NGO has animators constantly on the field in Mysore and Kollegala. The repayment will be collected by them during the monthly meeting of the SHGs, and a system of fines and checks (already developed for SHGs for SHG loans) will ensure timely repayment.
Market risk:
There can be market risk for the entrepreneurs as most are into tailoring and are looking at expanding in that field. However, all of them have been getting orders and materials from merchants, and as such do not act as tailors for their areas. There is a lot of market in Mandya and Mysore and the entrepreneurs are tapping such areas. Moreover, they are into specialized work such as chamki work and embroidery, which is better paying and is still in demand.
Technology risk:
There is no technology risk.
Portfolio risk:
There is no portfolio risk.
Mission risk:
There is no mission risk. Entrepreneurs who were not falling under our mission had to be dropped and only those which came under the purview of infrastructure have been selected.
Partners
Spoorthi, State Bank of India
Tuesday, August 19, 2008
A187 Hawkers Light Point Project in Banashankari (Restructuring)
New cash flows applicable from June 2008.
http://spreadsheets.google.com/pub?key=pwRdPi0mYDcLy5OLFmU6AWA
Wednesday, August 6, 2008
A75ac- LPG Connection financing at Jaglur and Kanahosalli
A75ac- LPG Connection financing at Jaglur and Kanahosalli
Project Dates
Project Approval Document – August 4, 2008
Project Photos
Project Details
- The project is an expansion of A75u, A75w, A75ab. Through these three projects, 146 customers have been given connection financing at Nayakanahatti and Jaglur through our infrastructure shops. Another 19 customers are still to be given the connection financing loans, which will be done by end August 08.
- There is a great demand for LPG connection financing. The supply has again opened up and another 100 customers can be given. Most of these new customers have already taken loan from S3IDF for household infrastructure products such as pressure cookers, coin phones etc.
- Since we have the infrastructure for giving and collection in place, this can be done easily.
- There have been no defaults till date. Of the Rs. 595000 repayment that needs to be made to S3, Rs. 2,79,000 has already been repaid by customers, which makes it 46% of the total repayment amount.
Project Size Details
The size of the project will be as follows:
| Location | Number | Price of 1 connection | Total Project Cost |
| Jaglur | 60 | 5300 | 318000 |
| Kanahosalli | 40 | 5300 | 212000 |
| Total | 100 |
| 53000 |
http://spreadsheets.google.com/pub?key=p
Revised repayment schedule, put on Oct 28, 2008
http://spreadsheets.google.com/pub?key=p
Project Impact Details
The project will provide LPG for cooking to 100 households. The impact of the project will be access of LPG cooking to 100 poor households.
Estimated Pre-investment Costs
Total Expected Costs – Rs. 7340
S3IDF costs
Personnel costs – Rs. 3340
Other costs –
Total S3IDF costs – Rs. 3340
Partner costs
Personnel costs – 2000
Other costs - 2000
Total Partner costs – 4000
Returns for S3IDF Revolving Fund
10% flat annual returns;
17.75 % returns on a reducing balance method
Project Indicators
Investment indicators:
Investment size – Rs. 530000
Revolving fund – Rs. 400000
RF to investment size – 75%
Cost Indicators
Total pre investment cost – Rs. 7340
Pre investment cost/Investment Ratio – 2%
Impact indicators
No. of direct beneficiaries – 100
Investment size /no. of beneficiaries – Rs. 5300
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
Partners
Chaitanya, local LPG suppliers in Jaglur and Kanahosalli
Saturday, July 12, 2008
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
All expense and income details should be available in the document
http://spreadsheets.google.com/pub?key=p
Friday, July 11, 2008
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.
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.
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