Micro Finance Institutions - start up small businesses

Status: In progress
Step: 
4

SDD is working very hard to convince all the parents to send their children to school, instead of letting them work on the land. Although more hands mean more income, the future of the children will be much brighter once they are able to read and write.

It would be much easier to convince the parents if they don't lose any income when their children spent (more) time in school. To be able to do so, new or improved more efficient methods of commercial and agricultural businesses could be organized. Through economic development we can improve the situation of the entire village, including its children.

We are looking for volunteers with experience in starting up, developing and running small businesses. Some research needs to be done into the kind of small (home) companies useful to the particular area in India and we need advice on how to implement this strategy in the village.

Some of our ideas:
- designing and making clothes
- processing agricultural produce
- small electrical firms
- repair workshops
- etc.

We would like to get in contact with Micro Finance Institutions and it would be great if we can get help in writing proposals and/or business plans as well.

stdClass Object ( [nid] => 222884 [vid] => 223793 [type] => task_discussion [status] => 1 [created] => 1246727597 [changed] => 1246727598 [comment] => 0 [promote] => 1 [sticky] => 0 [revision_timestamp] => 1246727598 [title] => Re: Micro Finance Institutions - start up small businesses [body] => Some questions first. Do you have financing options available in your local area? Is the business plan required to obtain financing in order to use the money to set up small businesses? If this is the case, I can help although I need to know what level of funds you are seeking and the criteria which the lender requires in order to provide financing. A business plan of any sort requires a set of goals in order to be effective. The business plan, like a business, is directed at a specific target audience. If you know who your target audience (market) is, you can tailor the plan to meet their specific requirements or needs. The types of businesses mentioned in the post are all viable but you must first do some market research. (All business plans start from this point.) Is there a market for the goods or services? Is there money in the community to spend on the goods or services? How many people with money are there in your local market? Will they spend money on these goods or services or is there a great degree of self sufficiency in the market already? You have to identify what added value the goods or services will provide to the community. (Will the new businesses provide better goods and service than already exist? Will some services free up time for the buyer to pursue their own interests? Of course, if there is a gap in the market for bicycle or auto repair, the service itself will add value for the customer.) Feel free to contact me at my e-mail address, if I can be of service. Best regards -- t g macamhloaibh [teaser] => Some questions first. Do you have financing options available in your local area? Is the business plan required to obtain financing in order to use the money to set up small businesses? If this is the case, I can help although I need to know what level of funds you are seeking and the criteria which the lender requires in order to provide financing. [log] => [format] => 1 [uid] => 30097 [name] => toms macamhloaibh [picture] => [data] => a:11:{s:2:"op";s:18:"Create new account";s:6:"submit";s:18:"Create new account";s:7:"form_id";s:13:"user_register";s:16:"captcha_solution";b:1;s:13:"captcha_token";s:32:"ce840426c4ce0785da7688234196d30d";s:14:"validationdata";a:4:{s:7:"form_id";s:13:"user_register";s:10:"preprocess";b:1;s:6:"module";s:9:"recaptcha";s:4:"type";s:9:"reCAPTCHA";}s:7:"contact";i:1;s:16:"privatemsg_allow";i:1;s:28:"privatemsg_setmessage_notify";i:0;s:16:"nodecomment_sort";s:1:"1";s:17:"messaging_default";s:4:"mail";} [path] => village/kizhakkumedu/project/task/discussion/re-micro-finance-institutions-start-small-businesses-0 [field_embedded_video] => Array ( [0] => Array ( [embed] => [value] => [provider] => [data] => Array ( ) ) ) [field_external_link] => Array ( [0] => Array ( [url] => [title] => [attributes] => N; ) [1] => Array ( [url] => [title] => [attributes] => N; ) ) [comment_type] => task_discussion [og_groups] => Array ( [0] => 179161 ) [og_groups_both] => Array ( [179161] => Kizhakkumedu ) [og_public] => 1 [tags] => Array ( [10] => Array ( [3378] => stdClass Object ( [tid] => 3378 [vid] => 10 [name] => business plan [description] => [weight] => 0 [language] => [trid] => 0 ) ) ) [nodewords] => Array ( ) [trid] => 0 [language] => en [i18n_status] => 0 [taxonomy] => Array ( [3378] => stdClass Object ( [tid] => 3378 [vid] => 10 [name] => business plan [description] => [weight] => 0 [language] => [trid] => 0 ) ) [translation] => Array ( ) [cid] => 222884 [pid] => 0 [hostname] => 127.0.0.1 [thread] => 02/ [mail] => [homepage] => [comment_target_nid] => 220966 [depth] => 0 )

Some questions first. Do you have financing options available in your local area? Is the business plan required to obtain financing in order to use the money to set up small businesses? If this is the case, I can help although I need to know what level of funds you are seeking and the criteria which the lender requires in order to provide financing.

A business plan of any sort requires a set of goals in order to be effective. The business plan, like a business, is directed at a specific target audience. If you know who your target audience (market) is, you can tailor the plan to meet their specific requirements or needs.

The types of businesses mentioned in the post are all viable but you must first do some market research. (All business plans start from this point.) Is there a market for the goods or services? Is there money in the community to spend on the goods or services? How many people with money are there in your local market? Will they spend money on these goods or services or is there a great degree of self sufficiency in the market already? You have to identify what added value the goods or services will provide to the community. (Will the new businesses provide better goods and service than already exist? Will some services free up time for the buyer to pursue their own interests? Of course, if there is a gap in the market for bicycle or auto repair, the service itself will add value for the customer.)

Feel free to contact me at my e-mail address, if I can be of service.

Best regards

--
t g macamhloaibh

0
stdClass Object ( [nid] => 223392 [vid] => 224313 [type] => task_discussion [status] => 1 [created] => 1246966750 [changed] => 1246966750 [comment] => 0 [promote] => 1 [sticky] => 0 [revision_timestamp] => 1246966750 [title] => Re: Micro Finance Institutions - start up small businesses [body] => Dear Tomas, Thank you for you reply, after consulting our local rep I have the following information, which may also be helpful to other neighbours interested in helping us: There are financial options available in the village. We need a business plan to setup a business for income generating for the rural poor. At the moment there are no business proposals and there is no local knowledge of a business project proposal. A sum of Rs. 1,00,000/- is needed for a number of 10 beneficiary which will each receive Rs. 10,000/-.The criteria of the beneficiaries is that they need to be a member of a self-help group, used to making small savings, interested in participating in an entrepreneurial training, interest in learning how to write and read accounts etc. and living below the poverty line with school-aged children. Before we start a business plan we have to start a survey or research in this area. To do this we need a format or guidelines to take the survey with one research assistant. And therefore we ware looking for a suitable volunteer / researcher on voluntary basis. The type of business and the marketing analysis etc., will be identified only after the research. Money will be generated from the savings of the self-help group, from the banks as loan, or from government schemes and subsidies. [teaser] => Dear Tomas, Thank you for you reply, after consulting our local rep I have the following information, which may also be helpful to other neighbours interested in helping us: There are financial options available in the village. We need a business plan to setup a business for income generating for the rural poor. At the moment there are no business proposals and there is no local knowledge of a business project proposal. [log] => [format] => 1 [uid] => 12894 [name] => dhbraam [picture] => [data] => a:7:{s:29:"taxonomy_image_disable_images";i:0;s:16:"nodecomment_sort";s:1:"1";s:16:"privatemsg_allow";i:1;s:28:"privatemsg_setmessage_notify";i:0;s:8:"og_email";s:1:"2";s:17:"messaging_default";s:4:"mail";s:7:"contact";i:0;} [path] => village/kizhakkumedu/project/task/discussion/re-micro-finance-institutions-start-small-businesses [field_embedded_video] => Array ( [0] => Array ( [embed] => [value] => [provider] => [data] => Array ( ) ) ) [field_external_link] => Array ( [0] => Array ( [url] => [title] => [attributes] => N; ) [1] => Array ( [url] => [title] => [attributes] => N; ) ) [comment_type] => task_discussion [og_groups] => Array ( [0] => 179161 ) [og_groups_both] => Array ( [179161] => Kizhakkumedu ) [og_public] => 1 [tags] => [nodewords] => Array ( ) [trid] => 0 [language] => en [i18n_status] => 0 [taxonomy] => Array ( ) [translation] => Array ( ) [cid] => 223392 [pid] => 222884 [hostname] => 127.0.0.1 [thread] => 02.00/ [mail] => [homepage] => [comment_target_nid] => 220966 [depth] => 1 )

Dear Tomas,

Thank you for you reply, after consulting our local rep I have the following information, which may also be helpful to other neighbours interested in helping us:

There are financial options available in the village. We need a business plan to setup a business for income generating for the rural poor. At the moment there are no business proposals and there is no local knowledge of a business project proposal.

A sum of Rs. 1,00,000/- is needed for a number of 10 beneficiary which will each receive Rs. 10,000/-.The criteria of the beneficiaries is that they need to be a member of a self-help group, used to making small savings, interested in participating in an entrepreneurial training, interest in learning how to write and read accounts etc. and living below the poverty line with school-aged children.

Before we start a business plan we have to start a survey or research in this area. To do this we need a format or guidelines to take the survey with one research assistant. And therefore we ware looking for a suitable volunteer / researcher on voluntary basis. The type of business and the marketing analysis etc., will be identified only after the research.

Money will be generated from the savings of the self-help group, from the banks as loan, or from government schemes and subsidies.

0