Farhat is a 35-year-old married woman. She works from home as a tailor and is proud to be contributing to her household income. When she was not earning, her family went through a severe financial crisis that compelled her to use her stitching skills in a productive manner. Her husband was the sole bread winner of the family, and due to limited resources none of their children were sent to school. Farhat felt it obligatory to change her family’s living standards and started working from home.
Her hard work has helped her establish a good client list, but she is having difficulty in fulfilling large orders. So she contacted Kashf Foundation and applied a loan of Rs. 20,000. This loan amount will help her to purchase a new stitching machine with some spools of threads in different colors that will enable her to stitch up more of her customers' dresses without fail.
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.