Ms. Razia is a 55-years-old married woman and mother of two. She has been successfully running a general store for the past twelve months. She offers various items of daily use at reasonable prices. She is required to support her family financially as her husband is not in good physical shape to be employed. One of her sons works as a conductor for a local bus but his income is unpredictable and insufficient to support the needs of the family members, while Razia’s income is enough to bear everyday expenditures. In order to purchase stock of sugar and packs of oil, spices, and rice, she requested a loan of PKR 30,000. In this way she would be able to cater to the demands of her customers consistently, which would help in generating more income.
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.