Parveen is a 47-year-old married woman and a mother of four children. She has been successfully running a small general store in her community for the last 20 years. Her husband earns daily wages but his income alone is not sufficient to support his family, so Parveen decided to support her family. Because of her work, she is respected in her home. She helps her husband in all financial matters. She wants to expand her business, so she requested a loan of PKR 40,000 to buy stocks of rice, flour, and cooking oil from the market at lower price. Buying goods will help her to generate extra revenue to meet her business and family requirements.
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.