Asia is 32 years old and has been running a tailoring business for the past four years. She is familiar with the stitching techniques and makes enough to contribute to her family's income. She has gradually improved her business with the support of Kashf Foundation. To cope with the demands of her customers, she requested another loan of 25,000 PKR. With the loan, she would be able to purchase more spools of thread along with packs of buttons, laces and zippers in various colors. She is on her fourth loan with a good repayment history. Asia expects a boost in her earnings and dreams to expand 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.