Farhat, age 35, is a married woman and a mother of five. She has successfully built an academy in her home. Previously, she took a loan to purchase furniture for her academy to accommodate more students. Over time, she has attained a good number of students and earns a good amount of profit through her business to meet her household expenses. Currently, she requested a new loan of Rs 25,000 to buy a couple tables and chairs with a new blackboard. She is in her fifth loan cycle with a good repayment history. She is very experienced and wishes to expand her academy in the near future.
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.