Ms Seema is a 47-year-old married woman. She has six children. Twenty years ago she started her own business of milk sales to provide financial support to her husband in meeting the needs of the family members. Seema's husband is employed in a textile mill but his income is not sufficient to meet household expenses alone. By the time, Seema has become famous in her area for providing good quality milk. She counts a good client list and makes enough to contribute to her family income. Currently she requested a loan of Rs. 60,000 loan to purchase one more buffalo. She has been in association with Kashf since eight years and has shown excellent repayment behavior. She expects boost in her earnings with her loan and plans to spend the part of profit to meet the growing demands of her family members.
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.