Ms Nazia is a 33-year-old married woman who has been in the business of sweater weaving for almost 6 years. She works hard on her weaving every day so she may earn a living for her family.
Nazia is a responsible mother of four. Her husband makes his living as a daily worker whose income is not sufficient to meet the needs of the family members. She faced many problems in her early married life; there were days when her children often slept without having any food. But now her contribution to the family income is playing a vital role in fulfilling the needs of the family members.
To cope with the increasing demand during the upcoming winter season, she has requested a loan of 15,000 to purchase bundles of wool in different colors. She hopes to get an increase in her net income and wishes to spend the part of profits on the improvement of her house.
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.