Aziz is a 50-year-old, married woman and mother of two children. One of her sons is a driver by profession and provides transportation services, using his three-wheeled rickshaw. He has been driving a rickshaw for many years to meet the family expenses, but now it requires proper maintenance to keep it in its functional routine.
For this reason, Aziz has applied for a loan of PKR 40,000 for her son. He wants to buy new tires for his vehicle. This will help him drive more smoothly and provide better transport service to his passengers. Aziz is hopeful that this loan will be a productive one for her son and will bring positive changes to his 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.