Ms. Ghazala is a 33-year-old lady who has been running a business selling decorations for many years. She makes pieces to beautify homes and rooms and then sells them to the people in her community and in the local market. In order to inflate her sales, she needs to purchase paint brushes with packs of paints and good quality clay. For this she applied for a loan of PKR 20,000 from Kashf Foundation. She hopes to boost her net income and wishes to spend part of the profits on the betterment of her family members. Her brother and sisters also assist her in doing this work and are happy with the growth of Ghazala’s 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.