Ms. Mumtaz is a 40-year-old active married woman. She has been effectively doing a business of hand embroidery at her home for the last one year. Her embroidery patterns are very famous in her town and she has gotten a lot of appreciation from her community members. She is a loving mother of four children. She is in charge of providing her family with good food, health and education.
In order to purchase more raw materials she contacted Kashf foundation and applied for a loan of Rs. 20,000. She intends to use this loan amount to purchase more spools of threads, packs of sequins, pearls, etc., in different colors, to complete customers' orders on time. She expects more profits and hence she will be able to better support her family. She desires to spend the part of income on providing good and quality education to her children.
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.