Ms Nusrat is a 57-year-old married woman. She has been manufacturing foot pumice or graters for many years at home which are used for foot cleansing. She makes them with fine mud and sells them to the people of her community. Over time she has gained a regular list of customers and makes enough to contribute to the family's income. She is a mother of six and is motivated to provide for her family.
To cope with the increasing demand of her customers, she requested a loan of PKR 40,000 to purchase a stock of good quality mud and scrub powder to inflate her sales. She hopes to get a boost in her earnings through her large sales. She is in her 5th loan cycle and has shown excellent repayment behavior. She wishes to utilize part of her revenues to provide good and quality education to 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.