Rehana, age 36,has been in the business of stitching clothes for many years. She stitches for the people living around her house and uses the income to support her entire family. However, due to lack of funds she is unable to meet the demands of her customers, which are increasing day by day. So she has applied a loan of PKR 40,000 from Kashf Foundation. She is in her fourth loan cycle. She wants to use this loan to buy raw material including cloth and threads in different colors, as well as packs of ribbons, laces and zippers. In this way she will be able to meet her orders on time. She aspires to save money to provide a better standard of living for her six 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.