Ms Maqsood is a 53-year-old married woman and a mother of two. She started her business of milk sales three years ago. She is wise enough to realize that inflation is high and a time will come when she will need extra cash to meet the daily demands of her family. So keeping this in mind, she bought her first buffalo three years ago. Her business flourished and she made her name in the community.
Now she wants to purchase one more cow to increase her monthly profit by her bigger sales. Therefore she applied for loan of PKR 20,000 from Kashf Foundation. She wishes to use a part of her 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.