Ms Rahnaz is a 20-year-old married woman. She has been running a business selling milk with her husband. They have two buffaloes to make milk and they sell their milk to many of their neighbors, along with the butter and cheese that they make from it. Rahnaz looks after the buffaloes, washes them, and performs the task of collecting milk while her husband sells it to different places on daily basis. They are happily doing it together to support their family.
Ms Rahnaz and her husband have two children. They need to earn much more to meet their everyday expenditures including food, clothing, and education. In order to make good profits, they have requested a loan of PKR 20,000 to buy one more buffalo to cater to more customers. They hope to increase their production capacity, which will help in generating more cash.
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.