Ms Bilqees is a 42-year-old, married woman, who has been doing a business of selling milk for the past three years. She has one buffalo in milk, and she sells its milk to many of her neighbors. Her business is good enough for her to afford a decent life. She has two children, and both of them are school-going. She is very motivated to provide them a beautiful life, with good education, food and clothing. She has improved her business to meet the day-to-day expenses of life. Her husband is working on daily wages, but his income, alone, is not enough to meet household expense.
This is her second year with Kashf Foundation; she is happily running her business with the support of Kashf financing. Now she has requested a loan of PKR 25,000, which she will use to purchase another buffalo. She hopes to get an increase in milk production capacity, 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.