Ms. Bushra is 37-year-old married woman. She started a business of sewing gloves one year ago, to bear the expenses of her family members. Her husband is a rickshaw driver whose income is not sufficient, by itself, to meet the needs of the family members. Bushra has accumulated a list of regular customers, and she earns enough to lead a civilized life. She has six children, among whom three are in school. For the improvement of her business, she contacted Kashf Foundation and applied for a loan of RKR 25,000. This amount will be used to buy a new sewing machine and some spools of thread. She hopes to cater to more customers, on a repeat basis, 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.