Ashran is a 36-year-old married woman. She has been running a business of sewing clothes for the last three years. She sews for the people of her community and also takes orders from a nearby boutique. She knows sewing techniques very well and makes enough through her business. To meet the orders of her customers on time, she applied a loan of PKR 15,000 through Kashf Foundation. This will help her to buy spools of thread in various colors, as well as buttons, laces and ribbons. She hopes to get a boost in her earnings and wants to use part of the revenues to provide good quality education to her children. She is in her fourth loan cycle and has shown excellent repayment behavior.
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.