Kalsoom is a 29-year-old married woman. She has been running a business of cloth trading for one year. She has built trust in her community by providing good quality cloth at reasonable prices.
Now she wants to expand her business as her customer list is increasing day by day. For this reason she has applied for a loan of PKR 35,000 to buy a variety of summer season cloth in various colors and designs.
She is in her fourth loan cycle with a good repayment schedule. With this loan she would be able to generate more revenue to meet with the daily demands of life and set aside some savings for the future.
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.