Mrs Rabia is a 31-year-old, married woman. For the past five years, she has been successfully running a milk shop, where she sells milk and yogurt to the people of her community. Over time, Rabia has become famous in her area for providing good, quality milk. She counts a good client list and makes enough to contribute to her family's income. Her husband is employed in a textile mill, but his income, alone, is not sufficient to meet the needs of the family members.
Rabia wants to grow her business, so she requested a loan of Rs. 35,000 from Kashf Foundation. She will use it to purchase one more buffalo, along with some utensils for her shop, such as bowls and bottles. She is in her fifth loan cycle and has a good repayment history. She expects a boost in her earnings with her loan, and she plans to spend her profits on expanding her business further.
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.