Ms. Shumaila is a 36-year-old married woman and a mother of three. She is working hard to help her family by providing services of tailoring in her community. She has been doing it for the past three years. She very well knows the techniques of stitching. Ms. Shumaila enjoys a great client list and has gained a lot of appreciation and popularity in her community. In order to meet customers’ demands on time, Ms. Shumaila needs to purchase stitching material in large quantity. For this, she applied for a loan of 30,000 PKR to buy a stock of threads in different colors with the packs of zippers and buttons to meet up with the increasing demand. In addition to repaying the loan, she will use part of the revenues to deal with personal expenses.
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.