Ms. Rashidan is a 47-year-old married woman and a loving mother of seven children: four daughter and three sons. The man shown in the photo is Rashidan’s husband who has been running a vehicle repair shop for the past 25 years. For the improvement of her husband’s business, Rashidan has applied for a loan of 15,000 PKR from the Kashf Foundation. In this way her husband will be able to purchase a new welding machine for his workshop to cater his customers needs, which ultimately helps in generating more cash. She is in her 3rd loan cycle and has a good repayment history. She dreams of providing a good quality education for her children so they may have a prosperous future.
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.