Nazia is an unmarried lady who is doing a business of making laces, to provide for her family. Previously, she took a loan to purchase raw material, e.g., cloth, ribbons, thread, artificial pearls, etc. for making new styles of laces which are used on clothes.
Currently she has applied for her second loan of PKR 35,000 to purchase more material, such as ribbons, pearls, and bundles of cloth in different colors, to inflate her sales. By this time, she has maintained a good list of customers and she makes enough money to contribute to the family income.
Nazia dreams to expand her business, to provide financial support and stability to her family members. She is thankful to Kashf Foundation and Kiva for their tremendous support.
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.