Muazma is a 44-year-old married woman with five children who is motivated to provide for her family. For the past ten years, she has been successfully running a sewing business and is very well known in her community. Muazma's husband works as a laborer in a factory and does not earn sufficient income to support the family.
Muazma is requesting a 25,000 PKR loan to purchase a new stitching machine so her daughter can assist her to complete her orders on time. Her loan will allow her to consistently meet her increasing customer demand. Muazma is in her fourth loan cycle and has an excellent repayment history. She plans to use part of her profit to deal with the daily expenditures of her children.
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.