Ms. Yasmeen is 40-year-old married woman. She has been providing catering services for 20 years. She enjoys making food. She is famous in her town for proving these facilities. She is earning enough to lead a decent life. Her husband is employed as a sales person in a small garment shop with a low income to support to his family.
Yasmeen is a responsible mother of six children; only two of them are school-going. She needs to earn more to cover the cost of the other children’s education. She requested a loan of Rs. 25,000 to buy stock of rice, oil and salt from the market at lower rates. In this way she would be able to increase her sales. She wishes to utilize her earned profit on her children’s education and well-being.
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.