Nusrat is a 45 year old married woman and a mother of seven children. For the past 15 years she has been in the business of selling milk, which comes from her 1 cow, 1 buffalo, and 4 goats. She provides a valuable service in her community by selling milk to many of her neighbors as well as butter, cheese and ghee that she makes from the milk. She also purchases goats and sheep and sells them at the festival of Eid-ul-Azha. Her sons help her with her business, as does her husband, who is a school teacher.
Nusrat is in her 2nd loan cycle, and has a strong association with Kashf Foundation. She has requested a loan of PKR 30,000 to purchase one more buffalo to increase the production capacity of her milk business. She wishes to use part of the revenue for 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.