Asia is a 40-year-old married woman and a mother of five. She has been successfully running a small general store at the corner of her house for the last year. She offers various goods for daily use. She is very good in dealing with customers and counts a good client list. Her husband is employed in a government office and earns insufficient income to support his family alone. She is motivated to provide her family with good food, health and education. Her three sons are going to school. As she wants to grow her business, she requested a loan of Rs 50,000 to buy rice and flour from the market at lower rates. She then would be able to meet the increasing demand consistently. She is in her 6th loan cycle and has shown excellent repayment behavior. She wishes to utilize part of the revenues to deal with personal expenses and to increase business capital.
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.