Ms Shabana is a 25-year-old married woman. She has been in the business of stitching since many years. She has expertise in the field of stitching and is famous in making attractive designs. But Shabana’s business was not as successful in the past years as she had little resources. Her five children were barely provided with basic necessities as their father was the sole bread earner and did not make sufficient income to support the family’s growing needs. It was in such challenging circumstances that Shabana borrowed funds from Kashf and invested them in purchasing raw materials required for sewing. Currently she has requested for a loan of Rs. 25,000 to buy more reels of threads, packs of buttons, and laces in different colors. This will help her to meet the orders of her customers on time. She wishes to spend part of the revenues on the education of her children.
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.