Ms. Shakeela is a 53-year-old, married, vigorous lady. She has been manufacturing carpets for many years to contribute to the family income. She offers various handmade carpets in different colors and designs to the people of her community and makes enough to lead a decent life. For the improvement of her business she contacted Kashf Foundation and applied for a loan of PKR 35,000 to buy good-quality wool, nylon, polyester, and polypropylene fibbers to increase her sales. She is in her 6th loan cycle and has shown excellent repayment behavior. She hopes to have a good experience with this new loan and dreams to expand her business in the near future.
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.