Ms. Shazia is 35 years old and has been stitching clothes for five years. She sews for the people of her community and uses the income to support her entire family. However, due to lack of funds, she is unable to meet the daily demands of her customers. She is supporting her household because her husband is a pensioner and is now working for daily wages. She makes clothes and bedsheets on order for shopkeepers.
She has requested a loan of PKR 25,000 from the Kashf Foundation. Shazia intends to use this loan to buy more spools of thread, fabric and sheets for her sewing business. She wants to increase her revenues so that she may be able to generate a healthier source of income. She is in her seventh loan cycle and thankful to Kashf for its 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.