Sakina is a 57-year-old married woman and the mother of three children. She has been in the business of popcorn sales with the support of her husband for three years. Her husband purchases a large quantity of popcorn in different flavors from wholesale markets, and then Sakina sells it to the people of her community at reasonable prices. She earns enough to lead a decent life. She serves well in her community and wants to grow her business.
She requested a loan of Rs. 25,000 to buy more stock of popcorn in different flavors to increase her sales. She is in her fourth loan cycle with Kashf foundation. She wishes to spend a part of her profits on her children’s education and well-being.
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.