Ms. Naila is 30 years old. She lives in a one-bedroom house with her husband and daughter. When her husband failed to find employment, Naila decided to use the skill her mother taught her at a very young age and earn something for her family. She started stitching for females in the neighborhood. She plans to buy a new stitching machine and raw materials such as reels of threads, buttons etc., so she can meet the growing needs of her customers. That is why she has applied for a loan of Rs.15,000 in Kashf Foundation. Naila is passionate about her work and informed the Kashf officer that she is planning to prepare fancy dresses so she can sell them to retailers in the city of Lahore.
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.