Ms Shafaqat is a 25-year-old married woman and a mother of two children. She excels in work of hand embroidery and makes beautiful patterns for the people of her community. Her designs are much in demand and she has managed to consolidate a clientele that allows her to contribute to the expenses of her home.
To help her to continue her operations, she requested a loan of Rs. 25,000 to buy more spools of thread in different colors along with packs of beads, sequins and stones for embellishment. In this way she would be able to cater to more customers consistently, which ultimately will help in generating more income. Shafaqat dreams of providing quality education to her children for their bright 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.