Oct 2021 – Micro Finance activity grows strongly in Q3

Lifeline offer interest free micro finance for income generating activities primarily to women. Our micro-loans provided funds to micro-entrepreneurs to operate their businesses without the burden of expensive interest payments and frees them from the clutches of the moneylenders. They are therefore able to enjoy the fruits of their hard work themselves and build their businesses and savings. 

The micro finance activity, and also the micro-economy, was severely affected by the Covid induced lockdowns and pandemic. Operations in 2 of the last 4 quarters were badly affected by the prevailing situation. In Q3, there was strong recovery, and TLF has disbursed 1,054 Loans totalling to Rs 73.7 lakhs. Loan collection has also been growing in the last two quarters and reached Rs 65.5 lakhs.