Hajiran is a 55-year-old widow. She is a mother of three children and she is motivated to provide for her family.
Hajiran has been successfully running a small general store with her son for the last ten years. The man shown in the photo is her son. Hajiran offers various goods for daily use in her store and has gained many regular customers. Her son assists in buying stocks of goods from the markets and he has maintained many contacts for the ease of cash payments. Because Hajiran wants to grow her business, she requested for a loan of PKR 30,000 to buy stock of rice and flour from the market at lower rates. She will thereby be able to meet the increasing demand consistently. She is in her second loan cycle and has shown excellent repayment behavior. Hajiran 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.