Mehnaz is a 22-year-old lady and enjoys doing hand embroidery. She started doing this work two years ago. Her embroidery patterns are very popular in her territory and she makes enough to contribute to the family income. Her husband is not in a good physical shape to support her family. She is motivated to provide her family with the basic necessities of life including food, clothes, and education. In order to meet the growing demand for embroidery, Mehnaz needs to buy more frames, needles, and threads in different colors. For this reason she contacted Kashf Foundation and applied for a loan of Rs. 25,000. It will enable her to complete the orders of her customers on time. 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.