Ms. Saima is a 28-year-old, vigorous, married woman. She has had a business of hand-embroidery for the past six years. Her husband also assists her in making beautiful patterns. She is zealous about her work, and customer demand is strong. But business challenges, combined with family expenditures, frustrate her nearly every day. Her husband is employed at a hosiery factory, but he does not earn enough to support his family well alone. Saima’s embroidery patterns are very popular on her street, and she is the best earning resource in her household. She is a mother of three children, all of them school-going.
Saima wants to grow her business, so she requested a loan of 20,000 PKR. She will use it to buy raw materials, such as thread, sequins and pearls, in large enough quantities to satisfy the increasing demand of her customers.
She shared her dream of running a training center for girls of her town. She would like to teach embroidery skills, so they can help her expand her business, and at the same time, earn money for themselves. She is also interested in opening her own shop in the market, to display her work.
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.