Mrs Asima is a 45-year-old, married woman. She has been in the business of sewing garments (shirts for gentlemen and children) for many years. She is well familiar with the stitching techniques. She initiated her business with the support of Kashf Foundation; she took her first loan to buy a stitching machine. At present, she enjoys a great customer list, and she has gained a lot of appreciation and popularity in her community and in the local market.
Asima is a mother of seven children -- one son and six daughters. She is striving hard to meet their needs, including food, clothing, and health. Her husband is employed in a small workshop. His income is not sufficient to meet the daily expenditures of the family. She started her business to contribute to the family income.
She requested a loan of PKR 25,000 to replace her old stitching machine, and to buy some more spools of thread, buttons and zippers in various colors. With these items she will be able to meet the demand of her customers without fail. She hopes to grow her business, and she dreams of giving a good-quality education to her children, through all her hard work in 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.