Ms. Shabana is 33 years old and works from home as a tailor. She has been in this line of work for four years now and is proud to be contributing to her household income. When Shabana was not earning, her family was going through a severe financial crisis that compelled her to use her stitching skills in a productive manner. Her husband is also a tailor, but due to limited resources neither of their two children was sent to school.
Shabana felt it obligatory to change her family’s living standards and started working from home. She has established a good clientele but because of low cash in hand, she requested a loan of Rs. 30,000. She intends to use this loan amount to purchase a new stitching machine with spools of thread and zippers in various colors. In this way she would be able to cater her 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.