Mrs Sakina is a 28-year-old, married woman. She has been successfully running a salad stall in her community for the past ten years, with the support of her husband. By this time, she has become well-known for providing fresh quality salad, and she earns a sufficient amount of income to contribute significantly to the family income. She is a mother of four children and is motivated to provide for her family.
As she wants to grow her business, she requested a loan of Rs. 30,000. She will use it to buy a stock of vegetables, such as cucumbers, carrots and onions, from the market at lower prices. In this way she would be able to cater to more customers daily. She expects a boost in her earnings and wishes to spend part of the income on the expansion of her business, in the near future. Sakina has been in association with Kashf Foundation since six years ago, and she has shown excellent repayment behavior.
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.