Ms. Shamim is a 43-year-old housewife. Her husband has been doing a business of tailoring for many years. The man shown in the photo is Shamim’s husband. He set up his own business four years ago; he makes menswear like shirts, sherwanies (formal wedding dress), dress pants and every type of uniform, etc. He always works hard to support his family.
Shamim with her family lives in a small village of Faisalabad. She has four children. She requested a loan of amount 30,000 Pakistan rupees (Rs) for her husband’s business growth. In this way, he would be able to purchase raw materials such as threads, fabric, needles, buttons and other relevant accessories that ultimately help in providing better services to his customers without delay. He hopes to earn more income that he wishes to utilize on his family's well-being and for the expansion of his business.
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.