Sawara is a 20-year-old young lady who has been running a beauty parlor in the corner of her home for three years. She has become famous on her street for providing high quality service to her customers. She makes enough money to contribute to the family income. In order to serve more customers at a time, she needs to purchase more beauty products, packs of hair dye, and tools such as a hair dryer and a hair straightener. To finance these purchases, she requested a loan of 20,000 PKR from Kashf Foundation. She wishes to cater to more customers during the upcoming Christmas season. She hopes to expand her business in the near future.
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.