Ms Attia is a 32-year-old married woman. Five years ago, Attia started her own grocery store. She was under much stress at that time so she decided to open a retail shop in a small corner of her home as her husband’s daily income was not reliable and was insufficient to meet increasing expenses of the home with the increase in the inflation rate of the country. Gradually, she has improved her business and has a reliable source of income to lead a decent life by paying her utility bills on time. To cope with the increasing demands of her regular customers, she needs to make her store fully stocked with daily use goods. For this, she applied for a loan of Rs 20,000 to purchase stocks of sugar and more packs of salt and beverages. She aspires to save money to send her children to school for their better and prosperous future.
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.