Ms. Nazia had a difficult time after her husband's business failure. She decided to initiate her own business to support her family for a better future. Two years ago, she began stitching work in her house. She stitches for the people living around her house and uses the income to support her entire family. However, due to the lack of availability of funds, she is unable to meet the daily demands of her customers. She is married and provides for three children. She is currently in her 6th loan cycle and has borrowed 40,000 PKR from the Kashf Foundation. She intends to use this loan amount to buy raw materials, including cloth, threads of different colors, laces and zippers to create a means of increasing her revenues so that she may be able to generate a higher income.
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.