Ms. Tahira is 34-year-old lady. She is very talented and excels at her work of making soccer balls. She has also hired some people to stitch soccer balls, and she pays them wages according to their per piece rate for soccer balls. Her husband works as a laborer in a factory, and his income is too low to meet their expenses by itself. Tahira wants to cover all the basic needs of her children, including good quality food, health and education. She wants to make her sales grow. For this purpose, she applied a loan of PKR 30,000 to buy rubber bladders and leather covers in a large quantities, to cater to more customers without delays. She is hopeful of achieving an increase in her sales, which ultimately will help in generating more cash. She dreams of expanding her business and desires to use part of her profits on her children’s education.
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.