Ms Shazia aged 35, is a mother of six children. Three years ago, she established a small store in her home with the support of Kashf Foundation. When she started her business, her store was small and had very few items. She wanted to increase the range of products, but lacked funds made this almost impossible. Shazia borrowed some funds from Kashf in anticipation of business improvement. Over the passage of time, she been injecting the store with new items and now it has become popular in the community. She wants to increase her inventory as the population in her neighborhood has increased in the recent years. Currently she applied for a loan of Rs. 20,000 to purchase stock of grains, pulses and sugar. It would help her to deal to more customers without fail.
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.