Kalsoom is a 42-year-old married woman. She has been successfully running a small general store in her community for the last five years. She offers various goods for daily use. She has good communication skills and counts on a good client list. Her husband works as a labor and earns insufficient income to support his family alone. She is a mother of five children and is motivated to provide for her family. As she wants to grow her business, she requested a loan of 45,000 PKR to buy stocks of rice and flour from the market at lower rates. She then will be able to meet the increasing demand consistently. She is in her 5th loan and has a good repayment history. Kalsoom wishes to utilize part of her revenues to deal with personal expenses and to increase her business capital.
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.