Ghafooran is a 48 year old married woman. She is the mother of two sons and one daughter. All of her children are married and live in joint families. She has been in the clay pot business for the past 15 years with her husband, who appears in the photo with her. She makes various types and styles of clay pots. She generally uses a hand spinning tool to prepare her pots, which is a very time-consuming process. Now she has decided to use electric machines to increase productivity and quality. Therefore she is applying for a loan of PKR 35,000 from Kashf Foundation. She is a very good client and pays back on time. She wants to introduce her products to nearby cities, which will ultimately help in generating more profits.
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.