Nazia had a difficult time after the failure of her husband’s business. Eight years ago, she started sewing clothes to support her entire family. She sews for the people living near her house and earns enough for a decent life. Her customer demand is increasing day by day but, due to a shortage of funds she is unable to complete the orders of her customers on time. She provides for four children. She is currently in her fifth loan cycle and applied for a loan of PKR 20,000 from Kashf Foundation. She intends to use this loan to buy more spools of thread, together with some packets of laces, zippers, buttons and ribbons in various colors. This new loan will allow her to generate more revenue, which she will use on the betterment of her family members.
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.