Ms. Raqia is a 33-year-old married woman who's been selling milk for the past 20 years. She has five calves and two milk cows. She sells milk to many of her neighbors, along with butter that she makes from the milk. Her business is good enough for her to lead a decent life. She has two daughters who are going to school. She is very motivated to provide them with a beautiful life including good education, food and clothing. She has improved her business to meet the day-to-day expenses of life.
It’s Ms. Raqia's second year with Kashf Foundation, and she is happily running her business with its support. Now she has requested a loan of 30,000 Pakistani rupees to purchase one more cow and feed for its calves. She hopes to increase her production capacity which ultimately helps to generate more cash.
About Kashf Foundation
Kashf Foundation is one of the leading microfinance providers in Pakistan, focused on expanding financial access for poor women across the country. The organization’s economic empowerment program has grown from 913 clients in 1999 to 284,653 clients as of May 2012, with a current outstanding portfolio of US$32 million.
Kashf has trained over 227,000 clients in basic financial literacy and systemized financial education since 2010, in addition to providing training in gender justice and empowerment to over 12,500 participants since 2011. This group includes clients, their husbands and adolescent boys in their communities.
Over the past 16 years, Kashf has disbursed an estimated 2 million loans. Today, it operates in 16 districts in Punjab province and 1 district in Sindh province through a network of 157 branches. It plans to open 19 new branches to cover all four of Pakistan’s provinces.