Saima is a 35-year-old married woman and a mother of seven children. She has been running a successful general store for five years with the support of her husband, who is shown in the photo with her. They started their business on a very small level and expanded it gradually. Over time they have retained many regular customers. To stock her store more fully, Saima has applied for a loan of PKR 25,000 from Kashf for the fifth time. She intends to use this money to purchase sacks of rice and flour, and packs of cleaning products. She wishes to spend part of her revenue on providing a 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.