Ms. Azra is a 45-year-old widow. She started a business selling milk to contribute to the family income. She has three buffaloes that she milks. She sells their milk to many of her neighbors, along with butter and cheese that is made from the milk. She looks after the buffaloes and collects milk from them. Her son also assists her in selling it to the people of their community. She is a mother of three; one of her children attends school. She dreams to provide a quality education to her other children as well. She is working hard to meet the needs of her family. In order to increase her sales she requested a loan of 40,000 PKR to buy one more buffalo. This will enable her to cater to more customers. Azra hopes to increase her milk production capacity, which will ultimately help 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.