Ms Nagina is 21 years old. She has been efficiently doing stitching work for the last five years. She is eager to support her family members by contributing to the family income. She knows the techniques of stitchery very well and became popular in her street. For meeting the demands of her customers, she needs to purchase more raw materials. Therefore, she contacted Kashf Foundation for the second time and applied for a loan of Rs. 30,000 to purchase more spools of threads, buttons, lace and needles. In this way, she would be able to complete orders without delay, which ultimately helps in generating more cash. She wishes to provide a quality education to her siblings.
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.