Shamim is a 41-year-old married woman and a mother of four children. She is motivated to provide all facilities of life to her family.
For this reason, she has been running a general store for the past three years. She offers various goods for daily use at reasonable prices and has a good client list. To keep her store fully stocked, she requested a loan of Rs. 40,000 to purchase stocks of rice, flour and grains, along with packs of oil and beverages.
With the help of this loan, she will be able to meet the increasing demands of customers on time. She is in her third loan cycle with a good repayment history. She wishes to utilize part of revenues to deal with personal expenses and to increase business capital.
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.