Kalsoom is a 43-year-old married woman and a mother of five daughters and five sons. For the past five years, she has been running a milk sales business. She initiated her own business by buying a buffalo to support her family when her husband was the only income earner at that point in time. With the passage of time her sales increased and also her income. Now, she has two buffaloes and one cow. This has all happened due to her courage and determination. Because of her work, she is respected in her home. She helps her husband in all family matters as well as financial matters. While talking to the Kashf officer, she shared the feeling of achievement she got by sending her children to school. She has some savings and applied for a loan of PKR 20,000 to purchase another buffalo to increase the production capacity of milk. She expects a boost in her business income as she expands her business. She hopes to have a good experience with this new loan.
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.