Ms Nadia is a 31-year-old married woman and the mother of three children. She had a difficult time after her husband's business failed, so she decided to work to support her family for a better future. Two years ago, she began to work on hand-embroidery in her house. She works for the people living around her house and uses the income to support her entire family. However, due to lack of availability of funds, she is unable to meet the daily demands of her customers.
For this reason, she contacted Kashf Foundation and applied for a loan of Rs 25,000. She intends to use this loan to buy raw material including cloths and threads of different colors and packs of sequins, pearls and glittery material to create a means of increasing revenues and generate a healthier source of income. She is currently in her second loan cycle with a good repayment history. She wishes to spend part of the income on the betterment of her family members.
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.