Shamim is a 50-year-old married woman who has been running a crockery sales business with the help of her husband (shown with her in the photo) for about 10 years. The couple offer various types of crockery such as glasses, dinner sets and bowls. Her husband assists her in dealing with customers and by purchasing stock of goods from the market at wholesale rates. They make sufficient income to meet their household expenses. In order to improve her business, Shamim contacted Kashf Foundation and applied for a loan of 50,000 Pakistani rupees (PKR). With this, she will be able to purchase a greater variety of crockery such as tea sets, bowls and glasses in various sizes and designs. She is in her 6th loan cycle and has a good repayment history. She is expecting a boost in her earnings and dreams of providing a better standard of living to her 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.