Ms. Shamshad is 29 years old, a married woman, running a business of milk sales with the support of her husband. The man shown in the photo is Shamshad’s husband. They have 12 years of experience in the field. They have two buffaloes in milk and sell their milk to many of their neighbors, along with butter and cheese that they make from the milk. Shamshad looks after the buffaloes and performs the task of collecting milk from them while her husband sells it to different places on daily basis. They are happily doing it together to support their family.
They have five children and they need to earn much more to meet their everyday expenditures including food, clothing and education. In order to make more profit, they requested a loan of Rs 45,000 to buy one more buffalo to cater for more customers. They hope to have an increase in their production capacity which ultimately will help in generating more cash.
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.