Aged 42, Faizan is a married woman and the dedicated mother of six children. One of her sons runs a camel cart business as a transportation service. Camel carts are used in the villages of Pakistan for carrying loads. Many years ago Faizan's son started this business with a single camel cart and now makes enough to meet with the family's needs. In order to purchase a larger wooden cart for the camel, Faizan contacted Kashf Foundation and applied for a loan of 30,000 PKR. In this way her son will be able to take more things on his cart at once, like fruits and vegetables. This ultimately saves his time and hopefully will increase his net income. She expects to boost in her son's earnings and wishes to utilize part of his revenue for the betterment of the family.
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.