Perveen is a 29-year-old married woman. She has been in the milk sales business for many years. She has three buffalo that she milks. Initially, she had two buffalo; later she purchased one more buffalo after taking the loan from Kashf for increasing her milk sales. She sells milk to many of her neighbors, along with butter, cheese and ghee that she makes from the milk. She has a good client list. Her business is good enough that she can lead a decent life.
Perveen has two children. Both her sons also help in her business, while her husband does small agriculture work - his income is not enough to meet the daily expenditures. She is in her fourth loan cycle and has strong association with Kashf foundation. She has taken several loans and each time she has paid back her loan in full and on time. Now she has requested a loan of Rs. 30000 to buy one more cow to increase milk production. As a result, she would be able to serve more people in her community. She wishes to use some of the revenue for her children's benefit.
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.