Rashida is a 50-year-old married woman and has had a business selling milk with her husband for five years. She has two cows and one buffalo and sells their milk to many of their neighbors, along with butter and cheese that they make from the milk. She looks after the buffalo and performs the task of collecting milk from them and selling it to different places on daily basis. She is the mother of five children and needs to earn much more to meet their everyday expenditures, including food, clothing and education. In order to make huge profits, she requested a loan of Rs 50,000 to buy one more milking buffalo in order to cater to more customers. She hopes to get increase in the production capacity of milk, which ultimately helps in generating more income.
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.