Samina is a 41-year-old married woman and the mother of three children. She has had a beauty parlor business for ten years. She offers many services to her customers, such as makeup, hair styling and facials. By providing her best services, she has become very famous on her street.
In order to meet the increasing demands of her customers, Samina is interested in buying more variety of cosmetics products for the beauty parlor. Since she has a low amount of cash in hand, she contacted Kashf Foundation to apply for loan. She needs a loan of 35,000 PKR to buy hair care products, skin products and creams for bleaching and whitening in large quantities. She is hopeful to cater to more customers on a regular basis. She is in her second loan cycle with a good repayment history.
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.