Kosar is a 31-year-old married woman and mother of two. She has successfully built her business of a general store with the support of Kiva and Kashf Foundation. Previously, she took a loan to purchase various goods of daily use that allowed her to fulfill the clients' demands more professionally and efficiently and she earned reasonable amount of profit to bear her household expenses.
Currently, she applied for a new loan of 40,000 PKR (Pakistan rupees) to purchase stock of grains, rice and cleaning products including soaps and shampoos. It will help her to meet the demands of her customers without fail. She is very experienced and has good contacts in the market. With this loan, she will definitely expand her business and income level.
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.