Achievements

KEY HIGHLIGHTS OF LIFELINE’S WORK OVER PAST 8+ YEARS
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Strong operational base formed to support poor and downtrodden in society currently operating in 16 slums across Bengaluru covering 2,225 members and their families

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In 8+ years since inception, rolling over a corpus of Rs 85 lakhs (USD 0.135 Mn) over 14 times, Lifeline Foundation has disbursed 19,958 loans totalling to more than Rs 12 Cr (USD 1.95 Mn).

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In addition, charitable work of Rs 1.68 cr (USD 0.25 Mn) cumulatively has been carried out largely towards Education Scholarships, Medical aid, Health Camps & debt clearance.

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In FY 18-19 alone, around Rs 50 lakhs (USD 75,000) of funds were disbursed in charity. 3297 loans worth Rs. 2.2 Cr (USD 0.32 Mn) were disbursed during this year

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Lifeline has received huge support to the tune of Rs 3.5 cr (USD 0.57 Mn) in donations over 8+ years; It 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.