Ms. Zubaida is a 39-year-old married woman. She has been running a business selling milk with her husband for about seven years. Zubaida has three cows in milk and sells their milk to many people of her community, along with butter and cheese that they make from the milk. She looks after the buffalos and performs the task of collecting milk from them. Her husband sells it to different places on daily basis. They are happily doing business together to support their family. She has three daughters and two sons; all are school-going.
Zubaida needs to earn much more to meet their everyday expenditures including food, clothing and education. In order to make huge profits, she requested a loan of PKR 50,000 to buy one more buffalo to increase her sales. She hopes the increase in milk production capacity 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.