Ms Nargas is a 43-year-old married woman and a mother of five children. She has been running a business making balloons for four years. She makes colorful balloons in various sizes and sells them to the people of her community. She initiated her own business by buying materials to make balloons to support her family when her husband was the only breadwinner at that time. With the passage of time, her sales increased, as did her income. This has all happened due to her courage and determination. In order to cope with the customers’ demands, she needs to purchase raw materials such as stocks of synthetic rubber and packs of organic dyes for pigment. For this reason, she contacted Kashf Foundation and applied for a loan of Rs 35,000. It would help her to purchase the required material to inflate her sales. She wishes to spend part of the profits on the expansion of her 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.