Ms. Aabida is a 47-year-old married woman. She has been running a business of bread making for the past three years. Aabida enjoys making food and has become famous in her town for proving these facilities and makes enough to lead a decent life. She takes orders from nearby hotels and people of her community.
Aabida is a responsible mother and needs to earn more to bear daily expenditures of her family members. That is why she requested a loan of 20,000 PKR to buy a stock of flour and baking powder with the packs of oil and salt at lower rates from the market. It would enable her to inflate her sales which ultimately helps in generating more cash. Aabida wishes to utilize her earned profit on her children’s education and well-being.
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.