Ms. Shamim is a 43-year-old married woman. She has been providing bookbinding services in her community for the past many years. She takes orders from the nearby schools and the people of her community. In this way, she earns a reasonable amount of income to fulfill the basic needs of her four children.
To cope with the orders without fail, she applied a loan of 30,000 PKR (Pakistan rupees) to purchase cutters, tape and plastic covers in large quantities. She is in her fourth loan cycle with a good repayment history. She expects a boost in her earnings and wishes to spend the part of the profits on the betterment of her family members.
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.