Ms. Alas is a 45-year-old widow and has been involved in the business of sewing for seven years. She had a difficult time after her husband's death and decided to work to support her family for a better future. She sews for the people living around her house and uses the income to support her entire family. With time she has become well-known in her community and receives orders for special occasions like weddings, festivals, etc. However, due to a lack of available funds she is unable to meet her customers' orders on time. She is currently in her 1st cycle and has borrowed 15,000 PKR. She requires using this loan amount to buy raw material including spools of threads with the packs of laces, buttons and zippers in different colors. She is hopeful to get an increase in her net income which will enable her to meet the daily expenses of her family members.
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.