Ms. Sumaira is a 44-year-old married woman and has been running a business manufacturing wooden decorations. She initiated her business with the support of Kashf Foundation. Taking a loan from Kashf helped her account for expenses she thought she could never bear. She is striving to meet her family expenditures.
Sumaira is responsible for providing her family a good environment with good food, clothing, and education. She needs a loan of Rs. 30,000 to buy raw materials such as a stock of good quality wood with packs of paints in various colors. This would help her in attracting more customers. She desires to utilize the earned revenue for building a separate room for her children.
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.