Ms Yasmeen is a 43-year-old divorced woman. She has two cows and one buffalo and four calves. She used to purchase calves and sell them at the festival of Eid-ul-Azha, gradually she purchased cows and buffaloes to initiate the business of selling milk. She sells it to many of her neighbors, along with butter, cheese and ghee that she makes from the milk. Yasmeen has a good client list and her business is good enough to lead a decent life. Her brothers also help her in running this business efficiently.
Yasmeen is a mother of three children and is motivated to provide them a beautiful life by fulfilling their basic needs. She is in her 4th loan cycle and has strong associations with Kashf foundation. She has taken several loans and each time she has paid back her loan in full and on time. Now she has requested a loan of 35,000 PKR (Pakistan Rupees) to buy one more cow to increase her production capacity of milk. In this way she would be able to serve more people in her community. She wishes to utilize this part of her revenue in increasing 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.