Kaniz is a 31-year-old married woman. She has been happily doing business of selling milk for the past six years. She has two buffalos that provide milk, which she sells to many of her neighbors, along with butter and cheese. She looks after the buffaloes and performs the task of collecting milk from them while her husband sells it to different places on a daily basis. They are happily doing it together to support their family.
In order to make huge profits, she requested a loan of Rs 20,000 to buy one more buffalo to cater to more customers. She hopes to get an increase in the production capacity of milk which ultimately helps to generate more cash.
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.