Parveen is a 24-year-old lady who is involved in plastic scraps work along with her husband in a room of her small house. She has been in this business for the last sixteen years. Parveen sells plastic items that she finds in scraps to the nearby markets and people living around her house. She uses all of the income to support her family.
Parveen is married and has two children, both are getting an education. However, due to lack of availability of funds she is unable to meet the demand for orders she gets from her customers that she buys from plastic scrap dealers. Parveen is currently in her 8th loan cycle with Kashf Foundation. Now she wants to expand her business further and intends to buy molding machines. For this purpose, she needs funds in the amount of Rs 50000. By getting these new machines she will be able to meet orders and also it will create means of increasing revenue so she may be able to build a reliable source of income.
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.