Iqra is a 22-year-old hardworking lady doing business sewing. She has been in this line of work for 6 years now and is proud to be contributing to her household income. When Iqra was not earning, her family was going through a severe financial crisis that compelled her to use her sewing skills in a productive manner. Due to limited resources none of her two brothers were sent to school. Iqra felt it obligatory to change her family’s living standards and started working from home. She has established a good clientele but she is having difficulty in fulfilling large orders. That’s when her sister advised her to borrow from Kashf Foundation. She requested for a loan of Rs. 20,000 to purchase more spools of thread and packs of needles. In this she would be able to cater to more customers time after time which ultimately helps in generating more income.
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.