Shazia is a 30-year-old married woman and a mother of three children, all of whom are at school. For the past 10 years, she has been stitching clothes for the people of her community and she is considered to be an expert tailor there. Now she has also started receiving orders from a nearby boutique, which will help her to generate more revenue to meet the basic necessities of life. That is why she needs to purchase more sewing materials such as spools of threads and packs of buttons, laces and zippers in various colors. Thus, she has applied for a loan of 20,000 Pakistani rupees (PKR) to Kashf Foundation. She hopes to make enough income by completing the orders of her customers on time. She dreams of providing a quality education to her children through all her hard work.
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.