Fouzia, age 51, is widow and mother of one child. She has been actively involved in the business of cloth sales. She purchases a variety of cloths from the market and then sells them in her locality. She has become famous for selling good quality cloths in her community. She needs capital to meet with the increasing demands of her customers. She has already taken six loans from Kashf foundation in the past. With a good repayment history, she has applied for her seventh loan of Rs 35,000 to buy a wide variety of cloths in different colors and designs to attract more customers to grow her sales. She hopes to generate more revenue and plans to spend part of it on the betterment of her family members.
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.