Ms Raheela is 21-year-old single lady. She is very talented and excels in her work of stitching. She has gotten a lot of appreciation from her community, and has decided to initiate her own business with support of Kasf Foundation. She is living with her parents and has four siblings; she is the eldest among them. Her father is a government servant. His income is not enough to cover the family expenditures. Raheela is contributing enough to the family income by using her great skills of stitching. To cope with the increasing demand she requested a loan of 20,000 PKRs to buy more reels of threads and packs of buttons and zips in different colors. She hopes to have a good experience with this new loan and wants to expand her business. She dreams of giving a good and quality education to her siblings through all her hard work in her business.
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.