Ms. Qurishan is a 38-year-old married woman. She has been running a catering business with the support of her husband for the past 12 years. She cooks four to five dishes per day. Her husband assists her by delivering the dishes to customers. She is a well known cook in her town and earns enough to provide for her six children.
She has gradually improved her business with the support of Kashf foundation. She is in her fifth loan cycle and has applied for a loan of 50,000 PKR. She intends to utilize this loan to buy rice with packs of oil, salt, and spices. It will help her to cater to the demands of her customers time after time. She expects a boost 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.