Achievements

KEY HIGHLIGHTS OF LIFELINE’S WORK OVER PAST 10+ YEARS

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Strong operational base formed to support poor and downtrodden in society currently operating in 25 slums across Bengaluru covering 3,148 members and their families

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In 10+ years since inception, rolling over a corpus of Rs 1.39 Cr over 13 times, Lifeline Foundation has disbursed 27,365 loans totalling to more than Rs 17.5 Cr (USD 2.68 Mn).

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In addition, charitable work of Rs 5.5 cr (USD 0.77 Mn) cumulatively has been carried out largely towards Education Scholarships, Medical aid, Health Camps & debt clearance.

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In FY 21-22, microfinance activity was closed in Q1 and partially in Q4 (due to Covid). 3,102 loans worth Rs. 222 lakhs (USD 0.3 Mn) were disbursed.

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In FY 21-22, Rs 1.31 cr (USD 0.17 Mn) of funds were spent in charitable acts such as education scholarships, medical aid, health camps, ration, food & debt clearance. Lifeline continued to fight strongly against COVID.

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Lifeline has received the section 12AA and 80G exemptions from the Income Tax dept.

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Lifeline is currently piloting a software in 3 branches to operate its microfinance activity. Inshallah, over the next year, the entire operations of lifeline will be technology driven.