Re: [Assam] Death by Micro Credit-2 - 06-0930

[umesh sharma]

www.infrasys.biz Sudhakar-da's website

 

Good idea of having a for-profit to do NGO work --do not have to lick the boots of corrupt govt officials to get grants to run non-profits.

 

Umesh

umesh sharma <[EMAIL PROTECTED]> wrote:

C-da,

 

Excellent analysis by your friend Sudhakar-da !!

 

I may add that I have myself taken loans of interest rate up to 24% whose total amount is atleast four times my entire assets (mainly from my grandfather's property). I am taking a risk -like the farmers --it is a calculated risk. So far my business plan is working -- I have a loan of about $45,000 (Rs 22 Lacs) -and right now I am inside the Vancouver Intl Airport having cleared the US Immigration and likely to start work earning $25,000 per annum salary (Before Tax).

That was my plan -although very humble compared to six firgure (in USD) salaries many in India aspeire for when they try to come to US .

 

I made an investment -and it seems my risk might be worth it (risk including ill health, refusal of work visa or no employment at all).

However, most farmers -or loan takers --take loans for consumer purposes -like buying a car -just top go to parties occasionaly (in India) -which is a dead end investment -for most.

 

Regards  and Thanks to all for your help in making my plan work.

 

Umesh Sharma

PS: At Harvard I did meet a Micro-credit whiz from India  (Chetna Sinha ) in Nagpur who was invited to Yale and Harvard to show how she was self -lessly making micro-credit work with her non profit
5121 Lackawanna ST
College Park, MD 20740 USA

Current temp. address: 5649 Yalta Place , Vancouver, Canada

1-202-215-4328 [Cell Phone]
Canada # (607) 221-9433

Ed.M. - International Education Policy
Harvard Graduate School of Education,
Harvard University,
Class of 2005

weblog: http://jaipurschool.bihu.in/

----- Original Message ----
From: Chan Mahanta <[EMAIL PROTECTED]>
To: assam@assamnet.org
Cc: MurthySudhakar <[EMAIL PROTECTED]>
Sent: Saturday, 30 September, 2006 9:01:41 AM
Subject: Re: [Assam] Death by Micro Credit-2 - 06-0930

The following is a response from my friend Murthy Sudhakar, (who does not usually address me as c-da:-)), whom I blind copied in on some of these discussions, because he has spent a number of  years studying these issues in rural South India, and has been attempting to make a difference with his InfraSys enterprise, with some small but fine successes.

Highlighting mine.

cm

Umesh Sharma
5121 Lackawanna ST
College Park, MD 20740 USA

Current temp. address: 5649 Yalta Place , Vancouver, Canada

1-202-215-4328 [Cell Phone]
Canada # (607) 221-9433

Ed.M. - International Education Policy
Harvard Graduate School of Education,
Harvard University,
Class of 2005

weblog: http://jaipurschool.bihu.in/

---

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