Ms Naheed is 53 years old and a hard-working, married woman. She has been engaged in a business of stitching, at home, for the past 16 years. She has made progress. She is married and has five children; all of the children are school-going. It’s hard to depend solely on the income of one's husband, so she started her business from a small level, to contribute to the family income. By this time, she has attained a regular list of customers, and she makes enough to support the needs of the family members. Her daughters assist her in her business.
To fulfill the customers’ orders on time, she needs to purchase spools of thread and a new sewing machine. For this reason, she contacted Kashf Foundation and applied for a loan of PKR 25,000. She dreams of expanding her business, by opening a boutique in her community to display her work.
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.