Ms. Suraya is a 50-year-old married woman. She has 2 cows and 1 buffalo that produce milk. She used to purchase goats and sheep and sell them at the festival of Eid-ul-Azha, gradually she began to purchase cows and buffalos to initiate the business of selling milk. She sells it to many of her neighbors, along with butter, cheese and ghee (oil) that she makes from the milk. She has earned a good client list. Her business is good enough to allow her a decent life.
She is a mother of ten, four daughter and six sons. Her sons also help in her business, while her husband does agriculture work. She is in the 7th loan cycle and has a strong association with Kashf foundation. She has taken several loans and each time she has paid back her loan in full and on time. Now she requested for a loan of PKR 35,000 to buy one more cow, to increase the production of milk. In this way she would be able to serve more people in her community. She wishes to utilize part of revenue on the marriage of her daughters.
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.