Ms Parveen is a 57-year-old widow. Fifteen years ago, after her husband's death, she faced a very difficult time and was unable to meet the daily needs of her four children. At that time, she decided to start her own business. She started selling items of daily use at the corner of her house. Now she has gained eight years of experience in this field and retained many regular customers. In anticipation of high inflation, she decided to take a 20,000 PKR loan from Kashf Foundation to purchase stock of rice and wheat at wholesale rates. She hopes to cater to more customers time after time and dreams of expanding her business in the 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.