Ms. Nahayat is a 33-year-old married woman and a mother of four. She is been in a beauty-parlor business for many years. She offers many services to her customers, such as makeup, hairstyling and facials. Through her skill at providing services, she has become very famous in her street.
In order to meet the increasing demand from her customers, she is interested in buying more varieties of cosmetics products for her parlor. But because of having low cash in hand, she contacted Kashf Foundation to apply for a loan of 35,000 PKR (Pakistan rupees) to buy hair-care products, skin products and bleaching and whitening creams in large quantities. She is hopeful to cater to more customers time after time and dreams of expanding her business in the near future.
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.