Ms. Parveen is a 34-year-old married woman and a mother of six children. She is motivated to provide for her family. Four months ago, she started her own general store in her community. Her son also assists her by dealing with customers at her store. She offers various goods for daily use. She has good communication skills and counts on a good client list. To meet the demands of her customers without fail she needs to purchase more rice, flour and sugar. So she applied for a loan of Rs. 30,000. She is in her 3rd loan cycle and thankful for the tremendous support. She expects increased earnings and wishes to utilize part of her revenues to deal with personal expenses and to increase her business capital.
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.