Ms Basheeran is 41-years-old, an energetic married woman and a mother of eight children, five of which are attending school. For the last three years, she has been in business manufacturing a ‘waan’ (which is a material used in making charpoy [a bedstead of woven webbing or hemp stretched on a wooden frame on four legs, common in Pakistan]). She offers various kinds of waan in different colors, and she has become famous for providing good quality waan in her community.
In this way Basheeran is able to manage the needs of her family members. Her husband and a son are employed in a weaving factory but their income is not sufficient to meet the needs of the family members. She needs to improve her business and to do so she applied for a loan of 20,000 PKR (Pakistan Rupee) to buy another waan making machine for her son to assist her in his free time. Basheeran's dream is to use part of her profits on the expansion of 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.