Ms Shakila is a 38-year-old, married woman. She has been running a business, selling children's clothes, for many years. She purchases a variety of children's clothes from the main city, and then sells the clothes to the people of her vicinity. By this time, she has become famous for selling good-quality clothing in her community.
Shakila requested a loan of PKR 40,000 from Kashf Foundation. She will use it to buy a stock of different children's clothes for the summer season, taking into account the choices and tastes of her customers. In this way, she would be able to increase her sales, which ultimately will help in generating more income. She is in her fifth loan cycle and has a good repayment history. She hopes to have a good experience with this new loan and wants to grow her business. She dreams of giving a good and quality education to her children, through all her hard efforts in her business.
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.