Ms. Mujahida, age 47, has been dealing in the business of clothes trade for the past fifteen years. She offers a variety of ladies’ clothes to the people of her community. She started her business very small, but by this time she has managed to consolidate a clientele that allows her to contribute to the expenses of her home.
Currently, she contacted Kashf Foundation to purchase a stock of ladies’ clothes for the summer season to inflate her sales. For this reason, she applied for a loan of Rs. 20,000. She is hopeful to get a boost in her earnings and wishes to spend part of the profits on providing good quality food, health and education to her three children.
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.