Ms Tahira is a 32-year-old married woman and a mother of four children. She is trying hard to fulfil their demands including food, health, clothing and education. She has been stitching gloves for the past eight years. She has one sewing machine which has been purchased with the financial help of Kashf Foundation. Her husband is working on a power loom but his income is not sufficient to run the household alone so she is contentedly doing it for the sake of her family and contributes enough to the family income. She has a good client list; however due to a lack of available funds she is unable to meet the daily demand of her customers. Due to this she applied for a loan of 25,000 PKR to buy one more machine with spools of threads to inflate her sales. She has been associated with Kashf Foundation for two years. She expects a boost in her earnings and wishes to spend part of the profits on the betterment of her family members.
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.