Ms. Khurram is a 23-year-old, vigorous, unmarried lady. She has been doing a business of making fancy bangles for the past three years. She is passionate about her work, and client demand is strong. But business challenges, combined with family expenditures, frustrate her nearly every day. Her two brothers are employed as sales men but their income is not enough to support the family well. In this way Khurram is contributing much to the family income as her bangles are very much in demand and by now she has become popular in her community.
She wants to grow her business so she requested a loan of PKR 15,000 to buy raw materials such as artificial gems, sequins and pearls in large quantities to meet the increasing demand consistently. She shared her dream of opening her own shop in the market to increase her sales.
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.