Kaneez is 44 years old, a vigorous married woman. She has been in business as a tailor for the past six years. She is passionate about her work, and client demand is strong. But business challenges, combined with family expenditures, frustrate her nearly every day. Her husband is employed as a security guard in a factory, but he does not earn enough to support his family well. Kaneez’s sewing is very popular on her street, and she is the best earner of income in her household. She is the mother of five children and wants to grow her business. She applied for a loan of PKR 20,000, to buy a new sewing machine and some spools of thread and ribbons in various colors. She is in her second loan cycle, and she has a good repayment history. She shared her dream of opening a tailoring center for the girls of her village to expand her business.
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.