Ms. Shumaila is a 27-year-old lady. She has been doing stitching for many years. By now, she has become famous in her community and has retained many regular customers. She is eager to support her family and makes enough to contribute to the family income.
So as to complete orders on time, she applied for a loan of Rs. 20,000 to Kashf Foundation to purchase spools of thread with the packs of buttons, lace and needles. In this way she would be able to cater for customers’ orders without fail. She wishes to expand her business in near future to improve the standard of living 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.