Farzana is a 42-year-old married woman with six children, two of whom attend school. She runs a hand-embroidery business using cloth from last year. Farzana's designs are very popular in her area and she has a good client list. Her husband is an old man who is not able to earn enough to meet the house expenses and Farzana earns enough to lead a decent life.
Farzana is requesting a 40,000 PKR loan with the Kashf Foundation to purchase spools of thread, cloth, packages of needles, pearls, and sequins. Her loan will help her to meet her increasing demand. Farzana expects a boost in her net income and hopes to spend part of her profits on her daughters' marriage ceremonies.
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.