Mrs Shagufta is 41 years old and married. She is running her general store with the support of her husband. She understands that if her husband works only for their family, they will not be able to earn so much to meet the expenses of their household.
She extended her business by purchasing an ice cream machine. Now she needs loan of Rs. 40,000 to purchase more items for her store, including rice, sugar, oil, milk, and other grocery items in bulk from markets.
She then would be able to manage increasing demand efficiently and hence better support her family.
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.