Ms. Aziz is a 40-year-old married woman and has run a milk-selling business with her husband for the past two years. She has three cows that produce milk and they sell their milk to many of their neighbors. She also makes butter and cheese with this milk to generate extra revenue. She looks after the cattle and performs the task of collecting milk while her husband sells it to different places on a daily basis. They feel pleasure doing this business. She needs to earn more to meet their everyday expenditures including food, healthcare and clothing. For this reason she has requested a loan of PKR 25,000 to buy one more cow to fulfill the demands of their customers which ultimately helps in generating more cash.
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.