Mrs. Kosar is a 32-year-old married woman and the mother of three children. Kosar has been running a milk sales business for many years. She also raises cattle to earn extra money. Currently she has two milk buffaloes. Because of her work, she is respected in her home. She helps her husband in all family matters as well as financial matters. She has some savings.
Mrs. Kosar has applied for a loan of PKR 10,000 to purchase another buffalo. In this way, she will be able to generate more income through her increased sales. She expects a boost in her business income as she expands her business. She wishes to spend part of the profits on providing a quality education 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.