Project Checklist and Approval Template
updated on 29 Jan 08
http://docs.google.com/Doc?id=dft8hdgq_83wnb3jf7
Tuesday, January 29, 2008
Saturday, January 26, 2008
Wednesday, January 23, 2008
A118c. Expansion of Hawker light point in Peenya, Bangalore, Karnataka
Project dates:
Implementation start: January 2007
Project Financial:
http://spreadsheets.google.com/pub?key=pwRdPi0mYDcKcBTLQB5kScg
Project details:
This is a hawker’s light point business for vendors in Dasarahalli and Malleshwaram in Bangalore. The entrepreneur, Mr. Jayakumar, started operations in September 2006. Mr. Jayakumar began his business supplying about 30 hawkers in Dasarahalli with batteries and light fixtures for Rs. 15 per day.
From July 2007, S3IDF has helped Mr. Jayakumar to purchase 95 batteries from Sakthi Electronics to increase his customer base and expand his operations to Malleshwaram market along with assistance in procuring a three wheeler and shifting his charging station. (Project 118a, Project 118b and Project 170)
Mr. Jayakumar is going for further expansion with 20 more batteries.
Project Size Details
Project A118c involves the purchase of 20 additional batteries at Rs. 2306 each from Sakthi in January 2008 along with other accessories such as light points.
Project Impact Details
Because of the expansion, Mr. Jayakumar’s income will further increase by Rs. 6000.
The project will in turn impact new hawkers availing the services of Mr. Jayakumar in Bangalore’s Peenya Industrial Area in Dasarahalli and Malleshwaram.
Estimated Pre-investment Costs
Total Costs – Rs. 2170
S3IDF costs
Personnel costs – Rs. 1670
Other costs – Rs. 500
Total S3IDF costs – Rs. 2170
Returns for S3IDF Revolving Fund
Actual returns of 15%
Project Indicators
Investment indicators:
Investment size : Rs. 60125
S3IDF Revolving Fund: Rs. 60125
RF to investment size: 100%
Cost Indicators
Total pre investment costs – Rs. 2170
Pre-investment cost to investment ratio – 4%
Impact indicators
Number of direct beneficiaries – 20
Investment size per beneficiary – Rs. 3006
Project Risks
Project Owner/Operator Risk:
Jayakumar has been reliably running the hawker light points business enterprise for more than a year. Hence there is no risk.
Market risks:
There are no market risks as Jayakumar is expanding due to increase in demand for lights.
Technology Performance risks:
Our experience shows that Sakthi batteries are more reliable than those from informal suppliers. The batteries come with a 2-year warranty. Hence the technology risk is minimal.
Portfolio risks:
Since it is an expansion of an existing hawker light points project, there is no portfolio risk.
Mission/Regulator’s perception risk:
The project is adequately pro-poor to pose no significant mission/regulator risk.
Partners:
Sakthi Electronics, Mr. Jayakumar
Implementation start: January 2007
Project Financial:
http://spreadsheets.google.com/pub?key=pwRdPi0mYDcKcBTLQB5kScg
Project details:
This is a hawker’s light point business for vendors in Dasarahalli and Malleshwaram in Bangalore. The entrepreneur, Mr. Jayakumar, started operations in September 2006. Mr. Jayakumar began his business supplying about 30 hawkers in Dasarahalli with batteries and light fixtures for Rs. 15 per day.
From July 2007, S3IDF has helped Mr. Jayakumar to purchase 95 batteries from Sakthi Electronics to increase his customer base and expand his operations to Malleshwaram market along with assistance in procuring a three wheeler and shifting his charging station. (Project 118a, Project 118b and Project 170)
Mr. Jayakumar is going for further expansion with 20 more batteries.
Project Size Details
Project A118c involves the purchase of 20 additional batteries at Rs. 2306 each from Sakthi in January 2008 along with other accessories such as light points.
Project Impact Details
Because of the expansion, Mr. Jayakumar’s income will further increase by Rs. 6000.
The project will in turn impact new hawkers availing the services of Mr. Jayakumar in Bangalore’s Peenya Industrial Area in Dasarahalli and Malleshwaram.
Estimated Pre-investment Costs
Total Costs – Rs. 2170
S3IDF costs
Personnel costs – Rs. 1670
Other costs – Rs. 500
Total S3IDF costs – Rs. 2170
Returns for S3IDF Revolving Fund
Actual returns of 15%
Project Indicators
Investment indicators:
Investment size : Rs. 60125
S3IDF Revolving Fund: Rs. 60125
RF to investment size: 100%
Cost Indicators
Total pre investment costs – Rs. 2170
Pre-investment cost to investment ratio – 4%
Impact indicators
Number of direct beneficiaries – 20
Investment size per beneficiary – Rs. 3006
Project Risks
Project Owner/Operator Risk:
Jayakumar has been reliably running the hawker light points business enterprise for more than a year. Hence there is no risk.
Market risks:
There are no market risks as Jayakumar is expanding due to increase in demand for lights.
Technology Performance risks:
Our experience shows that Sakthi batteries are more reliable than those from informal suppliers. The batteries come with a 2-year warranty. Hence the technology risk is minimal.
Portfolio risks:
Since it is an expansion of an existing hawker light points project, there is no portfolio risk.
Mission/Regulator’s perception risk:
The project is adequately pro-poor to pose no significant mission/regulator risk.
Partners:
Sakthi Electronics, Mr. Jayakumar
Tuesday, January 22, 2008
A69 & A136 Hawkers Light point in Dasarahalli and Madiwala, Bangalore
http://spreadsheets.google.com/pub?key=pwRdPi0mYDcJQrIr0YKmvPg
Project loan repayment excel file (revised).
THis is the latest updated loan repayment file
Project loan repayment excel file (revised).
THis is the latest updated loan repayment file
Saturday, January 19, 2008
A 180b- Hawker Light Point in KR Market, Bangalore, Karnataka (Expansion)
Implementation Start: December 2007
Project Financials
http://spreadsheets.google.com/pub?key=pwRdPi0mYDcKRgSgCgDalcQ
Project Concept
This project concept involves the expansion of a new micro enterprise investment, which, located in the un-electrified/under-electrified Hawker’s (street sellers) community in KR Market, Bangalore, will provide lighting to the Hawkers.
The charging is being done by full grid charging. The charging station is at a distance of 1 km from the market and the capacity for the charging station was designed to be for 50 hawkers. However, the entrepreneur who initially gave the lights to the hawkers as demonstration on December 25 2007, found many more hawkers asking for the lights in the next few days. Faced with such a huge demand, he has approached S3IDF for financing of 50 more batteries along with 50 light points, 1 charger and other equipments.
Project size
The entrepreneur had decided to initially start with 50 hawkers but seeing the demand he is planning to service 50 more hawkers.
Project Impact Details
The project will benefit the entrepreneur, currently an auto rickshaw driver and his two younger brothers who are assisting him in the project. Additionally, the hawkers will also benefit from access to convenient and clean lighting.
Estimated Pre-investment cost
Total cost- Rs. 3840
S3IDF costs
Personnel Costs – Rs. 3340
Other costs - Rs. 500
Total S3IDF costs – Rs. 3840
Returns for S3IDF Revolving Fund
17 % average returns for three years
Project Indicators
Investment Indicators:
Investment size – Rs. 1,67,063
Revolving fund – Rs. 1,67,063
RF to investment size – 100%
Cost Indicators
Total pre investment cost – Rs. 3840
Pre investment cost/Investment Ratio – 2%
Impact indicators
Number of direct beneficiaries – 50
Investment size/no. of beneficiaries – Rs. 3341
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:
There is no market risk as after the initial connections, the entrepreneur is flooded with demands from other hawkers. There might be competition risk at a later stage, which can be overcome with superior servicing on the part of the entrepreneur.
Technology risk:
There is no technology risk as the batteries (Shakti batteries) and the light points designed by another entrepreneur, Mr. Jayakumar are being used in his own project without any problems.
Portfolio risk:
There is no portfolio risk.
Mission risk:
There is no mission risk.
Partners
The entrepreneur, Mr. Srinivas N and the battery supplier, Shakti batteries.
Project Financials
http://spreadsheets.google.com/pub?key=pwRdPi0mYDcKRgSgCgDalcQ
Project Concept
This project concept involves the expansion of a new micro enterprise investment, which, located in the un-electrified/under-electrified Hawker’s (street sellers) community in KR Market, Bangalore, will provide lighting to the Hawkers.
The charging is being done by full grid charging. The charging station is at a distance of 1 km from the market and the capacity for the charging station was designed to be for 50 hawkers. However, the entrepreneur who initially gave the lights to the hawkers as demonstration on December 25 2007, found many more hawkers asking for the lights in the next few days. Faced with such a huge demand, he has approached S3IDF for financing of 50 more batteries along with 50 light points, 1 charger and other equipments.
Project size
The entrepreneur had decided to initially start with 50 hawkers but seeing the demand he is planning to service 50 more hawkers.
Project Impact Details
The project will benefit the entrepreneur, currently an auto rickshaw driver and his two younger brothers who are assisting him in the project. Additionally, the hawkers will also benefit from access to convenient and clean lighting.
Estimated Pre-investment cost
Total cost- Rs. 3840
S3IDF costs
Personnel Costs – Rs. 3340
Other costs - Rs. 500
Total S3IDF costs – Rs. 3840
Returns for S3IDF Revolving Fund
17 % average returns for three years
Project Indicators
Investment Indicators:
Investment size – Rs. 1,67,063
Revolving fund – Rs. 1,67,063
RF to investment size – 100%
Cost Indicators
Total pre investment cost – Rs. 3840
Pre investment cost/Investment Ratio – 2%
Impact indicators
Number of direct beneficiaries – 50
Investment size/no. of beneficiaries – Rs. 3341
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:
There is no market risk as after the initial connections, the entrepreneur is flooded with demands from other hawkers. There might be competition risk at a later stage, which can be overcome with superior servicing on the part of the entrepreneur.
Technology risk:
There is no technology risk as the batteries (Shakti batteries) and the light points designed by another entrepreneur, Mr. Jayakumar are being used in his own project without any problems.
Portfolio risk:
There is no portfolio risk.
Mission risk:
There is no mission risk.
Partners
The entrepreneur, Mr. Srinivas N and the battery supplier, Shakti batteries.
Friday, January 18, 2008
A165a-A165d Provision of infrastructure services at branches in Nayakanahatti, Siriguppa, Jaglur and Kanahosalli
Projects:
a. A165a - Siruguppa, Bellary District, Karnataka
b. A165b –Nayakanahatti, Chitradurga District, Karnataka
c. A165c – Jaglur, Davengere District, Karnataka
d. A165d – Kanahosalli, Bellary District, KarnatakaOctober 07
Project
Photo 1: Our Siriguppa office
Photo 2: Sankarappa, who runs the Siriguppa office
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S3IDF costs
a. A165a - Siruguppa, Bellary District, Karnataka
b. A165b –Nayakanahatti, Chitradurga District, Karnataka
c. A165c – Jaglur, Davengere District, Karnataka
d. A165d – Kanahosalli, Bellary District, Karnataka
Project Dates
October 07
Project
Photos
Photo 1: Our Siriguppa office
Photo 2: Sankarappa, who runs the Siriguppa office
Project Financials
http://spreadsheets.google.com/pub?key=pProject Details
This project concept is to provide very Small Household Energy/Infrastructure Devices such as pressure cookers, water filters, solar lanterns etc. to rural households through S3IDF run infrastructure shops. Another variant of supplying these devices is to develop entrepreneurs through working capital support who will sell these devices to poor customers. The S3IDF run infrastructure shop concept started when S3IDF’s partner organization, CRWCWS (Chaitanya) completed several multiple projects of selling lights, pressure cookers and coin phones. The infrastructure shop started in the month of July 07 in Nayakanahatti. The earlier sales were considered as individual projects (A75j – telecom Chitradurga, A75k – pressure cookers in Nayakanahatti, A75l – mobile phones in Nayakanahatti, A75m – telecom Nayakanahatti).
In addition to doing sales of infrastructure devices, these infrastructure shops will also do LPG connection financing and also get other local S3IDF projects, such as A164-Siriguppa lighting).
Initially, the plan was to run the shops through S3IDF’s SPV, S3IDF Infraserve. However, since this was not possible, the sales are being planned to be done through a contract with S3IDF’s partner, Chaitanya. Chaitanya has got the necessary tax clearances (VAT) to do sales of the products. Chaitanya is doing this through a separate legal entity called as Chaitanya Enterprises which is a partnership firm. The contract between S3IDF and Chaitanaya is such that, Chaitanya’s contract employees will run the infrastructure shops. The expenses for running the shops will come from S3IDF. All profits that come from the shops will come to S3IDF.
To make the centers profitable, the centers will also sell other household kitchen items such as electric mixers etc. The required financing for conducting the sales will be given through a contract agreement to Chaitanya enterprises. Chaitanya will return all the monies with profit to S3IDF.
Project Size Details
The total sales from three months of operations (October, November and December 07) are expected to be Rs. 75,000
Project Impact Details
The project is expected to impact 60 households
Estimated Pre-investment Costs
Total Costs – Rs. 40850
S3IDF costs
Personnel costs – Rs.8350
Other costs – Rs. 2500
Total S3IDF costs – Rs. 10850
Partner costs
Personnel costs –
Other costs -
Total Partner costs – Rs. 30000
Returns for S3IDF Revolving Fund
Project Indicators
Investment indicators:
Investment size – Rs. 75000
Revolving fund – Rs. 58000
RF to investment size – 77%
Cost Indicators
Pre investment cost/Investment Ratio – 54%
Impact indicators
No. of expected direct beneficiaries - 60
Investment size /no. of beneficiaries – Rs. 1250
Project Risks
Project Owner/operator risk:
The project operator is Chaitanya who has done several projects with S3IDF and has an excellent track record. Based on this, the operator risk is minimal
Market risk:
This is the biggest risk of this project. The risk is that for the costs incurred the sales cannot be made and the shops do not reach sustainability. However, sales of pressure cookers, water filters done through projects earlier at Nayakanhatti indicates that there is demand for these projects and a sustainable business can be run.
Technology risk:
There is no technology risk as the products that will be sold will be standard products
Portfolio risk:
There is no portfolio risk
Mission risk:
There is no mission risk
Partners
Chaitanya, local suppliers of Energy/Infrastructure Devices.
A171 - Working capital assistance for manufacturing of drip irrigation products, Alur, Hassan District, Karnataka
Project Financials
http://spreadsheets.google.com/pub?key=pwRdPi0mYDcKj0JF80sjcXA
Project Details
This project is to develop entrepreneur Mr Arun kumar proprietor of M/s Boomika irrigation systems, vijayanagar extension, 1st stage, B M road, Hassan. He is into manufacturing and marketing of drip irrigation spare parts. The customers of the product will be farmers and drip irrigation dealers. To stock and sell the products, the entrepreneur will be given working capital support from canara bank. S3IDF will facilitate working capital support for the entrepreneur from canara bank by providing security in the bank in the form of fixed deposit. Wherever possible, the entrepreneur will sell their products on a cash basis and where required financing for the products will be provided through local banks and micro finance institutions. In addition to providing the entrepreneur financial support, S3IDF will provide business development assistance to the selected end users/customers.
Project Size Details
The working capital loan provided to entrepreneur from Canara bank is Rs 50,000.So the project size is Rs 50,000.
Project Impact Details
This project will provide employment to Mr. Arun Kumar
Project Risks
Since the business is existing one the risk factor is low.
Project Owner/operator risk:
The risk of the entrepreneur who will be the project owner is the biggest risk of this project. The risk is that the entrepreneur misuses the support provided to him or proves to be incapable to deliver as per expectations. To reduce this, we will be following a rigorous selection process for selecting entrepreneurs. This will ensure only the most suitable are selected. Additionally, the support provided to the entrepreneur will be backed up by necessary legal documents so that immediate legal action can be taken if the entrepreneur does not go as per the agreed terms and conditions. Also, the performance of the entrepreneurs will be closely monitored on a regular basis (weekly).
Market risk:
Since we will be focusing on the bottom of the pyramid market, which is largely untapped, this risk will be less. In case at a particular location, such a risk arises, the products will be shifted to another location.
Technology risk:
No technology risk.
Portfolio risk:
No portfolio risk
Mission risk:
No mission risk
Partners
Mr. Arun Kumar, Canara Bank
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