Abida is 30 years old, married, and has six children. She is in the business of milk sales, which she has been doing for many years. She has one buffalo in milk, four goats, and two sheep. Abida used to purchase goats and sheep and sell them at the festival of Eid-ul-Azha. Eventually, she purchased one buffalo to initiate the business of selling milk. She sells milk, along with butter, cheese, and ghee, to many of her neighbors. She has a good client list and her business is good enough to lead a decent life. Her husband also helps in her business.
Abida is requesting a loan for 20,000 PKR, which she will use to buy another buffalo to increase her milk production. She would be able to serve more people in her community. She wishes to utilize part of revenue 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.