Majeeda is 55 years old and a vigorous woman. She had a difficult time after her husband's business failure. She decided to work with her husband to support her family for a better future. Two years ago she began the work of hand embroidery in her house. She knows the art of embroidery very well. She makes enough to lead a decent life. She provides for two children and wishes to send them to school. Due to lack of funds, she is unable to meet the daily demands of her customers. She is been in association with Kashf for two years and requested for a loan of 30000 PKR. She intends to use this loan to buy raw materials including cloth, threads of different colors, sequins and needles to create a means of increasing revenues so she may be able to generate a healthier source of income. She wishes to spend part of her profits 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.