Ms. Jamila is a 51-year-old married woman. She is the mother of four children. She has been successfully running a small general store in her community for the last five months. She offers various goods like toffees, chips, biscuits, rice, grains, etc. She is very famous in her street and serves a large number of customers on daily basis. She has good communication skills and can count on a good client list. Her husband is a laborer and his daily income is insufficient to support his family alone. Jamila is motivated to provide for her family.
At present Jamila needs a loan of 15,000 Pakistani rupees to buy stock of rice and flour from the market at lower rates. She will then be able to meet the increasing demand consistently. She wishes to use part of the revenues to deal with personal expenses and to increase 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.