Rafeeqan is a 38-year-old, married woman and the mother of seven children. She has been running a business of cloth sales for the past 5 years. She purchases a variety of cloths from the main city and then sells them to the people in her vicinity. She has become famous for selling good quality cloth in her community. She has a varied customer base and is able to earn enough through her business. Rafeeqan has requested a loan of PKR 50,000 from the Kashf Foundation to buy a stock of different cloths for the summer season taking into account the choices and tastes of her customers. In this way, she will be able to attract more customers to increase her sales. She hopes to have a good experience with this new loan and will be able to grow her business. She dreams of giving a good quality education to her children through her hard efforts in 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.