Ms Ishrat is a 35-year-old married woman and the mother of four children; all of who are school going. She has been running this business of glove-making for the past ten years. She admitted that the income earned from her husband’s business activity is not enough to meet her household expenditures. It is for this reason that she started sewing gloves for the people of her community. She has become famous for providing good quality gloves and has attained a regular list of customers in the local market as well.
In order to complete orders on time, she needs to engage some more women. For this she contacted Kashf Foundation and applied for a loan of 20,000 PKR. In this way she can purchase one more sewing machine with spools of threads and needles, which will help generate more income. She hopes to have a good experience with this new loan.
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.