Shamim is a 59-year-old married woman. She has been successfully running a small general store in her community with the support of her husband for the last four months. Her husband buys stocks of goods from the market at wholesale rates, then she sells them to the people of her community at reasonable prices. She is a mother of three children and is motivated to provide them with the basic necessities of life. As she wants to grow her business, she requested for a loan of Rs 30,000 to buy packs of salts, biscuits and beverages to deal with more customers time after time. She wishes to utilize part of the revenues to increase her business capital.
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.