Ms Kosar is a 35-year-old married woman and a mother of five children. She has been involved in the milk sales business for many years with the support of her husband. The man shown in the photo is Kosar’s husband. Before starting this milk production business, Kosar's family often lived in hand-to-mouth conditions. So she decided to support her family to provide a better and more secure future for her children. Now she has two buffaloes and one cow in milk; she sells its milk to many people in her community. Her customers are very satisfied and regard her for her honest behavior. In order to increase her sales, Kosar needs to purchase another buffalo so she requested a loan of Rs. 40,000 from Kashf Foundation. She is in her fourth loan cycle with a good repayment history. She wishes to spend part of her profit on the expansion of 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.