Safia is a 46-year-old married woman and a mother of six. The man shown in the photo is her husband. For sixteen years the couple have been successfully running a small general store in their community. They offer various goods for daily use at reasonable prices. She has good communication skills and has retained many customers. In order to grow her business, Safia has requested a loan of PKR 50,000 to purchase more rice, flour and grains. She will then consistently be able to meet the increasing demand of their customers. She has been in association with Kashf for seven years and has shown excellent repayment behavior. She wishes to utilize part of the revenue to deal with personal expenses and to increase her business capital.
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.