Mariyam is 48 years old and married. She is running a business selling milk with the support of her husband. She has been doing this for many years. She has one buffalo in milk. She looks after the buffalo and performs the task of selling milk in her community. She also deals with the sale and purchase of animals to generate an extra amount of profit to contribute to the family income. She needs to earn more revenue to meet her everyday expenditures including food, clothing and education. For this reason, she requested a loan of Rs 30,000 to buy another buffalo in milk to serve more customers. She hopes to get an increase in the production capacity of milk, which ultimately helps in generating 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.