Ms. Uzma is 35 years old and a mother of five children. She has been in business doing hand-embroidery and tailoring for the past five years. She is passionate about her work, and her clientele is good. But business challenges, combined with family expenditures, make her worrisome. Her husband is employed as a carpenter, but he does not earn enough to support his family well. Uzma’s embroidery patterns and custom-made designs are very popular in her territory. She is the best earning resource in her household. She is responsible for providing her family with the basic necessities of life. Uzma has gradually improved her business and now she requested a loan of 15,000 to buy raw materials such as thread, sequins and pearls in bulk to meet the increasing demand. Uzma is hopeful to increase her net income and she wishes to spend part of her income on her children’s education.
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.