Ms. Rubina is 45 years old and a mother of four. She has been tailoring for 8 years. She is noted to be a very hardworking lady who is running her business successfully. She has a very good reputation in nearby communities as she has served people with a variety of good stitching designs. In order to meet with the demands of her customers, she needs to purchase a new sewing machine with spools of threads, packs of needles, buttons, and laces in various colors. Therefore, she applied for a loan of PKR 30,000 from Kashf Foundation. She is in her third loan cycle with good repayment history. Rubina is hopeful that this investment will have a positive impact on her business and that her income will be increased.
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.