Ms Nusrat had a difficult time after her husband’s death. Being a single parent of her child she decided to work to support her family for a better future. Three years ago she began stitching work in her house. She stitches for the people living around her house and uses the income to support her entire family. However, due to lack of availability of funds she is unable to meet the daily demands of her customers. For this reason she contacted Kashf Foundation and applied a loan of Rs. 20,000. It would help her to purchase more spools of threads with the packs of buttons, laces and zippers in different colors. Nusrat wants to expand her business to be able to stand on her own.
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.