Ms. Abida is a 26-year-old married woman and a mother of one child. For the past year, she has been in the business of selling dried fruits. She is trying hard to contribute to the family income. Her husband assists her in selling the dry fruits, and she is contentedly doing it for the sake of her family. However, due to lack of funds, she is unable to meet the daily demands of her customers, so she has requested a loan of 10,000 PKR to purchase a greater quantity and variety of dry fruits, such as peanuts, pistachios, and almonds. She wishes to spend part of the profits 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.