Ms Miraj is a 46-year-old married woman. She has two cows and has produced milk for many years. She started her business by selling goats and sheep at the festival of Eid-ul-Azha, and gradually purchased cows to begin her business of selling milk. Miraj sells her milk to many of her neighbors, along with butter, cheese and ghee that she makes from the milk. She has a good client list and her business is good enough for her to lead a decent life.
Miraj is a mother of eight; two daughters and six sons. Her sons also help in her business, while her husband works at a government job. She is in her sixth loan cycle and has a strong association with the Kashf Foundation. She has taken several loans and each time paid back her loan in full and on time. Now she requests a loan of 50,000 PKR to buy another cow to increase milk production and serve more people in her community. She wishes to utilize part of her revenue for her children's education.
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.