Ms Kosar is a 47-year-old married woman. Eight years ago, she started her own business of a general store. When her husband got severely ill, she did not lose hope and initiated her business to answer the needs of her family members. With the passage of time she has retained many customers and now enjoys dealing with a good number of customers every day.
She is a mother of three children, one of whom is school-going. She dreams to provide a good and quality education to her other children as well. She needs to cover everyday expenditures and educational expenses. For this, she is required to improve her business and has requested a loan of 25,000 PKR in order to buy stocks of grains, sugar and flour. She needs to keep her business fully stocked so as to satisfy the demand from her customers, increase sales, and improve her earnings.
She plans to use any profits generated from this loan to cover the expenses of her children’s education.
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.