Ms. Uzama is 23 years old and a married woman, running her business selling clothes for the last five years. She has three children. Her husband purchases clothes of good quality fabric from the market and she sells them in her community. She has different varieties of clothes for ladies but now she needs to purchase summer season clothes to keep running her business smoothly and provide the latest variety to customers at their living place.
Uzama has good credit behavior with Kashf and now she has applied for a loan of Rs.30,000 to purchase the new summer season’s clothes to meet the demand of her community and expand her business. She is hopeful to get an increase in her net income and wishes to spend part of the profits 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.