Ms. Nasreen is a 54-year-old widow; she has been providing catering services with the support of her son for six years.
Nasreen enjoys making food at home and has become famous in her town for providing these services. She takes orders from nearby hotels and people of her community and makes enough to lead a decent life.
Nasreen is a responsible mother and needs to earn more to bear the daily expenditures of her family members. That is why she requested a loan of 30,000 PKR to buy packs of oil, spices and salt in large quantity at lower rates from the market. This would enable her to cater to more customers time after time, which ultimately will help in generating more cash. Nasreen wishes to utilize her earned profit on her children’s education and well-being.
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.