Ms Mavish is a 24-year-old lady, successfully doing business making costume jewellery for the last ten months. Her husband is not earning enough so she is helping him with the family expenses. She serves well in her community.
Currently she has received a big order to make new items like earrings and necklaces, etc. Therefore she contacted Kashf and applied a loan of Rs. 20,000. In this way, she will be able to purchase raw materials such as silver, gold, and dozens of artificial gems and pearls. She is expecting boost in her net income and wishes to utilize the part of profits on the betterment 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.