Ms Shamim is a 41-year-old lady. She has been running her tailoring business for the past eight years. She is expert in stitching stylish dresses for the ladies of her community. Her husband is a barber whose income is not sufficient to meet the needs of the family alone. That is why Shamim is working hard to provide her six children with good quality food, health and education.
Due to the lack of availability of funds, she is unable to meet the daily demands of her customers so she applied for a loan of Rs. 25,000 to buy reels of threads in different colors along with packs of laces and zippers. She is currently in her 2nd loan cycle and has shown good repayment behavior.
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.