Ms Iqbal is a 47-year-old married woman and the mother of six children. She has successfully been running a laundry business with the support of her husband. She has 30 years of experience in this field and has a regular clientele. She is motivated to provide for her family. As she wants to grow her business, she has requested for a loan of 40,000 PKR to buy cleaning products and bleach in large quantities to meet with the increasing demand from her customers. She has been in association with Kashf for six years. She wishes to spend part of the revenue to meet with the expenses of her family and to increase her business capital.
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.