Ms. Parveen is a vigorous, 46-year-old married woman and a mother of eight children. She has had a hand-embroidery business for the past three years. She enjoys her business and is very famous in her circle for providing good embroidery designs.
Ms. Parveen is in charge of providing her family with bread and butter, as her husband's income alone is not sufficient to meet the requirements of ten family members. She has improved her business gradually with the support of the Kashf Foundation. Because of her trust in this institution, she has again requested a loan of 25,000 Pakistani rupees (PKR) to buy materials for embellishment such as sequins, pearls, and spools of thread. This will allow her business to flourish, which will ultimately help generate more cash. She dreams of providing her children with good-quality education for a better 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.