Ms Raiza is a married woman and the mother of eight children. She has been sewing gloves for the past six years. She makes gloves at home and then sells them in the local market. She has built a regular list of customers and makes enough money to contribute to the family income. Her husband works as a laborer and earns insufficient income to support his family without her help.
She is a mother of eight children and is motivated to provide for her family. To cope with the increasing demand of her customers she has requested a loan of Rs. 40000 to purchase cloth and more spools of threads as well as wool in various colors. She hopes to get a boost in her earnings through her increased sales. She is in her 4th loan cycle and has shown excellent repayment behavior. Raiza wishes to utilize part of the revenues to provide a good quality education to 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.