Ms. Shahnaz is a 36-year-old lady. Her husband is living abroad for employment, but he is not settled yet. She is a loving mother of four children, and due to her husband not being settled yet, her husband's income is not sufficient to meet their daily expenses and the educational expenses of their children.
For the bright future of her children, she decided to start her own business three years ago: a clothing sales business at her home. She is now willing to expand her business to other shops so that she can meet the demands of her clients and better earn for her family. She is in her third loan cycle and has a good credit behavior. Now, she demands a loan of Rs 30,000 for purchasing a variety of clothing for ladies and gentlemen. She expects a boost in her earnings, which she wishes to spend on the expansion of her business.
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.