Ms Asma is a 23-year-old unmarried lady who has worked as a seamstress for six years. She is experienced and proficient at sewing. Asma started her business with support from the Kashf foundation as she bought a sewing machine with her first loan. She now has a great client list, and has generated a lot of appreciation and popularity in her community.
Ms Asma is now asking for a loan of 15,000 Pakistani Rupees to buy a stock of threads in different colors, along with packs of buttons and needles. She would then always be able to meet the needs of her customers. Asma hopes to grow her business, and dreams of paying for the education for her siblings through her hard work in her 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.