Ms Kaneez has been doing a stitching business for many years. She initiated her business after separating from her husband in order to bear her own expenses instead of becoming a burden on her family members. She has gained 10 years of experience in this field and has maintained a good client list. She is known for the best stitching in her community.
She needs to purchase more stitching material for completing orders on time. For this, she contacted Kashf Foundation and applied for a loan of Rs. 30,000. This will help her to purchase more spools of thread with packs of buttons, lace and zippers in various colors. She has been in association with Kashf for two years. She expects an increase in her earnings and wishes to spend it 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.