Abida is a 29-year-old married woman. She has been making shoes with her husband for five years. Abida and her husband are shown in the photo. She started sewing upper parts of shoes with her husband at home. During 5 years of business, her husband has analyzed the market very well and decided to begin preparing the soles (bottom part of shoes) himself. To start preparing the soles, they have applied for a loan of Rs 20,000 from Kashf Foundation to purchase the appropriate sewing machine and raw materials for sole preparation. Abida wishes to build her own house as she is living in a rental home at the moment. Abida is thankful to Kashf for its support.
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.