Parveen is a 42-year-old married woman and works from home as a tailor. She has been in this line of work for eighteen years and is proud to be contributing to her household income. When Parveen was not earning, her family was going through a severe financial crisis that compelled her to use her stitching skills in a productive manner. Her husband was the sole breadwinner of the family and due to limited resources, none of their four sons were sent to school. Parveen the obligation to change her family’s living standards and started working from home. Her hard work helped her to establish a good client base, but she was having difficulty fulfilling large orders. That’s when her sister advised her to borrow from Kashf Foundation. Currently, she has requested for a loan of Rs. 40,000, and her loan will be used to purchase a new stitching machine, as well as some spools of thread and ribbons in different colors. She is in her third loan cycle with a good repayment history. She hopes to have a good experience with this new loan.
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.