Ms Afshan is a 32-year-old, married woman. She is successfully running a small general store, with her husband, at the corner of her house. Her husband also assists her by purchasing their stock of goods from the market, at wholesale rates. She is a mother of three children and is motivated to provide her family with good-quality food, clothing and healthcare. She also does teaching as her part-time job; in this way, she is able to meet the needs of the family members efficiently.
She wants to grow her business, so she requested a loan of PKR 25,000. She will use it to buy packs of salt, biscuits and sugar, to meet the increasing demand at her store. She is expecting a boost in her earnings and dreams of expanding her business in the 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.