Meval is a 54-year-old married woman. She has been running a small cart of food for the last year. She started her business to help out her husband with their family finances. She offers biscuits, cookies and and sweet items. She serves her community well and makes enough to contribute to the family income.
She is the mother of four sons; all are working in a factory. To improve her business, she contacted the Kashf Foundation for the second time and applied for a loan of 25,000 PKR. This loan will help her purchase more packs of biscuits, candies and toffees. She hopes to earn more profit and wishes to spend it to expand 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.