Ms Maria is a 31-year-old married woman. She has been running a business selling plastic toys for many years. She is doing it with the support of her husband who helps her in selling them into the markets. She makes enough money to support the needs of the family members.
Maria is a mother of five children and is liable to bear their cost of education, food and clothing. She needs to expand her business, so she requested a loan of 25,000 PKR to buy more toys including games, cars and balls in large quantities to attract more children. This would increase her sales which ultimately helps in generating more cash. She dreams of providing her children with a quality education.
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.