Ms. Khalida is a 35-year-old vigorous lady and a mother of three children. She is doing a business of manufacturing electric rods for the past three years. She uses laminated sheets and rods for electrical insulation. She initiated her business with the support of Kashf Foundation. Khalida is the best-earning resource of her house as her husband is employed as a salesperson in a grocery store and he earns not enough to support his family well.
To help her continue operation of her business, she is requesting a loan of 35,000 PKR to purchase more rods to facilitate more customers. In addition to repaying the loan, the lady uses part of the revenue to deal with personal expenses and to increase her business capital.
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.