It was under such depressing circumstances that Munira took her first loan of Rs 10,000 to purchase a carpet-making machine. Ever since, she, along with her five children, have helped her husband in carpet-making. Her relation with Kashf Foundation has altered her social circumstances considerably. Through persistent hard work and determination, Munira is now able to feed her children well and even send them to school.
She has requested a loan of Rs 15,000/- and intends to purchase another machine and raw materials such as reels of threads and wool so they can produce more carpets.
About Kashf FoundationKashf 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.
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Success!! The loan was 100% repaid