Ms Farooq is a 52-year-old married woman and a mother of six. She has had a business of selling milk for three years. She sells milk to many of her neighbors, along with butter, cheese and ghee that she makes from the milk. She has a good client list. She is making enough to contribute to the family income. Her husband is employed in a small general store but his income is not sufficient to meet the daily expenses of the family members.
Farooq is liable for providing her children with good quality food, education and clothing. She has gradually improved her business, but now she needs a loan of Rs 25,000 to buy another cow. In this way she will be able to cope with the increasing demand of her customers. She wants to utilize part of the income on the improvement of her house.
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.