Appeal for deposit to raise funds for MicroFinance (Cause and Benefits)
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Vikas Vadodara
Sep 28, 2013, 1:10:07 AM9/28/13
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VIKAS TRUST works for the upliftment of under priviledged citizens of India through Sustainable Livelihood Initatives, so as to Eradicate Poverty
Vikas Trust provide overall support, just to see their beneficiaries income is increased so is the standard of living. Support is provided in terms of Counselling, Advice, Guidance, Training, Teaching, Skill Development, Interest Free Financial Assistance (Revolving Grants) and other as required on case to case basis
Finance to these under privileged citizens are at a very high cost, from the present market.
Our study reflects
Money Lender charges them 10% per day which comes to 3650% pa and some at 10% per month which comes to 120% pa, depending on amount and need
Micro Finance Institutes charges them 25% pa
We are VIKAS TRUST wish to offer them at 12% pa and charged them our admin cost.
Our model works as
Example:
Principal Lending: Rs 10,000/-
Installment: Rs 1100 per month (Rs 100 goes to his saving account)
Tenure: 11 months
Return on Investment: 12% pa
Membership and Processing Fees: Rs 1000/- (admin cost)
Its should be noted that we just don't provide them fund, but work with them with counseling and training for Professional Skills, Life Skills and accounting so as to achieve better rewards for their efforts.
Our model has need been tested for successful result and now we wish to take it on big way.
APPEAL to support us with deposits...We welcome any amount from Individuals, Firms, Organisations ....
Our requirement to raise corplus is
Average Lending: Rs 10,000/-
No of Beneficiaries: 1000
Total Amount Raise: Rs 1,00,00,000/- (Rs 1 Crore)
Send your contribution (any amount) by Cheque / DD in INR to
VIKAS TRUST
402, Bholesai Apt., Bh. Emperor, Parsi Street, Fatehgunj, Vadodara 390002
or
Money Transfer (INR) directly to the bank account with intimation to us
Account Holder Name: VIKAS TRUST
Bank Name: State Bank of India (SBI)
Bank Branch: Cantonment, Fatehgunj, Vadodara 390002 Gujarat INDIA
Account No.: 31412521947
IFS Code: SBIN0004670
Plz let us also have your details (Name, address, contact number) so as to issue receipt and send it accordingly.
For contibution for overseas and in other currency pl write to us at vikas...@gmail.com
or call Mr Zoher Doctor on +919824063400
--
Vikas Trust provide overall support, just to see their beneficiaries income is increased so is the standard of living. Support is provided in terms of Counselling, Advice, Guidance, Training, Teaching, Skill Development, Interest Free Financial Assistance (Revolving Grants) and other as required on case to case basis
Finance to these under privileged citizens are at a very high cost, from the present market.
Our study reflects
Money Lender charges them 10% per day which comes to 3650% pa and some at 10% per month which comes to 120% pa, depending on amount and need
Micro Finance Institutes charges them 25% pa
We are VIKAS TRUST wish to offer them at 12% pa and charged them our admin cost.
Our model works as
Example:
Principal Lending: Rs 10,000/-
Installment: Rs 1100 per month (Rs 100 goes to his saving account)
Tenure: 11 months
Return on Investment: 12% pa
Membership and Processing Fees: Rs 1000/- (admin cost)
Its should be noted that we just don't provide them fund, but work with them with counseling and training for Professional Skills, Life Skills and accounting so as to achieve better rewards for their efforts.
Our model has need been tested for successful result and now we wish to take it on big way.
APPEAL to support us with deposits...We welcome any amount from Individuals, Firms, Organisations ....
Our requirement to raise corplus is
Average Lending: Rs 10,000/-
No of Beneficiaries: 1000
Total Amount Raise: Rs 1,00,00,000/- (Rs 1 Crore)
Send your contribution (any amount) by Cheque / DD in INR to
VIKAS TRUST
402, Bholesai Apt., Bh. Emperor, Parsi Street, Fatehgunj, Vadodara 390002
or
Money Transfer (INR) directly to the bank account with intimation to us
Account Holder Name: VIKAS TRUST
Bank Name: State Bank of India (SBI)
Bank Branch: Cantonment, Fatehgunj, Vadodara 390002 Gujarat INDIA
Account No.: 31412521947
IFS Code: SBIN0004670
Plz let us also have your details (Name, address, contact number) so as to issue receipt and send it accordingly.
For contibution for overseas and in other currency pl write to us at vikas...@gmail.com
or call Mr Zoher Doctor on +919824063400
Check our the blog for more details http://microfin.webs.com/
With Warm Regards
Zoher Doctor / Vikas Trust
Founder & Managing Trustee
Display Center & Sales Outlet: Nr. Gajanand Chambers, Vej Market, Opp. GEB, Fatehgunj, Vadodara 390002 Guj India
Registered Address: 402, Bholesai Apt., Bh. Emperor, Parsi St, Fatehgunj, Vadodara 390002 GUJ INDIA
Direct: +91 9824063400 / +91 9227896904
Office: +91 265 6553344
You may like to visit
Our Web Site http://www.vikastrust.org/ or
Face book page www.facebook.com/vikastrustngo to know about our activities
Some of the videos of our activities are uploaded on YouTube, which u may like to watch
Check out the VIKAS TRUST Activities
Media Coverage of the inauguration of DISPLAY CENTER & SALES OUTLET
What the Auto Rickshaw Beneficiaries has to say
Lets convert farm labours to skill workers
Picking up the beneficiaries of M S University- Polytechnic for tailoring / stitching work
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