Ms. Mumtaz is 38 years old and a married woman and mother of four. She has been running a general store for many years. She is doing it with the support of her husband. The man shown in the photo is Mumtaz’s husband.
Mumtaz is eager to support her family members financially and to provide a better future to her children. She has gradually improved her business with the support of Kashf Foundation. In order to make her store fully stocked, she needs to purchase a stock of rice and flour as well as packs of pulses and grains. For this reason, she applied for a loan of Rs. 30,000 to Kashf Foundation. She is in her third loan cycle with good repayment history. She wishes to spend part of income on the betterment of her family members.
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.