Ms Naseem is a 43-year-old married woman. She is in the business of manufacturing artificial jewelry; she beautifully makes bracelets and necklaces in various colors and then sells them to the people of her community and makes enough to contribute in the family income. She has six children; all is school going. In order to meet the orders of her customers on time and boost her sales, Naseem requested a loan of Rs.35, 000 to purchase raw material such as silver, gold and dozens of artificial gems and pearls. She hopes to get increase in her earnings and wishes to spend the part of profits on the betterment 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.