Rahela is a 47-year-old woman and a mother of two children. She has been running a business of selling fabrics for six years with the support of her husband. She offers good quality fabric in various colors and designs, and she makes a profit through her business. She has gradually improved her business with the support of Kashf foundation.
In order to add more variety to her collection, Rahela applied for a loan of Rs. 35,000 to purchase more materials in different colors and designs. In this way she will be able to inflate her sales by attracting more customers. She is in her 7th loan cycle and has shown excellent repayment behavior. She wishes to spend part of the profits on the expansion her business.
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.