Ms. Razia is a 48-year-old, married woman and a mother of three. She has been in the business of selling clothes for many years. She is famous for providing formal, bridal dresses for occasions like weddings, engagements, etc.. At this time she has retained many customers. Her husband is employed in a small retail store but his income alone is not sufficient to bear daily expenditures of his family members. Razia is highly contributing to the family income to support her family through all her hard work. Her customer base is diverse and varied. She is much in demand and highly appreciated among her customers. However, due to low cash in hand, she is facing difficulties in fulfilling the orders of her customers on time. For this, she requested a loan of 30,000 PKR to buy a wide variety of clothes, in large quantity to add to her new ones. This will attract many customers, sales will improve and profit margin will also increase. She intends to utilize a part of her income on the expansion of her business.
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.