Ms. Kishwar is 53 years old and a married woman. She has been running a beauty parlor for seven years. She very well knows the techniques of make-up and hair styling. By this time she has attained a regular list of customers. To meet with the increasing demand of her customers, she needs to purchase more cosmetics products for her parlor. That is why she contacted Kashf Foundation and applied for a loan of Rs 25,000 to buy hair care products, skin products and creams for bleaching and whitening in large quantities. She is hopeful to cater for more customers time after time which ultimately helps in generating more cash.
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.