Ms. Safia is a 40-year-old married woman and a mother of two children. She has been running a cosmetics sales business for the past two years. Due to her husband's low income she is working hard to contribute to the family income. In order to increase her sales she needs to purchase more cosmetics, so she contacted Kashf Foundation and applied for a loan of 30,000 PKR. She intends to use this loan to purchase more cosmetics such as cleansers, lotions, shampoos, and makeup kits. She expects a boost in her net income 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.