Ms Shiasta is a 26-year-old lady who has been running a sewing business for the past six years. She is proud to be contributing to her household income. When Shiasta was not earning, her family was going through a financial crisis that compelled her to use her sewing skills in a productive manner. Her husband was the sole breadwinner of the family; due to limited resources she could not afford the expenses of her children’s education. So she felt it obligatory to change her family’s living standards and started working from home. She is a brave woman but she was having difficulty in fulfilling large orders. That’s when her husband advised her to borrow from Kashf. She has requested a loan of 25,000 PKR and her loan will be used to purchase a new stitching machine with some spools of threads and packs of ribbons, laces and zippers in different colors. She dreams of expanding her business in the near future.
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.