Ms. Naseem is a 39-year-old woman and is a benefited client of the Kashf Foundation. She is running a business of a stitching school at home, where she provides training to students about stitching techniques. She has been attached to the respective business for almost five years. Back then she was struggling with one stitching machine to train the students. As she got the knowledge about the cost-effective financial services of Kashf Foundation, she applied for a loan to expand her business by purchasing new machinery. Now she has requested a loan of Rs 10,000 to buy furniture to accommodate more students. She desires to spend the portion of her profit on the betterment of her family and children’s 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.