Rashida is 37 years old and a married lady. She has been stitching clothes for many years. She stitches for the people of her community and uses the income to support her entire family. She is very expert in stitching fashionable clothes and has retained a good customer list. She is a mother of seven and is liable to provide them with the basic necessities of life. She earns enough through her business to lead a decent life.
To help her continue operations of her business, she requested a loan of Rs. 30,000 to buy a stock of thread in different colors and packs of zippers, buttons and ribbons. She is in her second loan cycle. In addition to repaying the loan, she will use part of the revenues to deal with personal expenses.
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.