Shumaila is a 23-year-old married woman. She has been successfully running a flower-making business for the past five years. Shumaila offers various colorful flowers for decorating homes and events such as birthdays and parties etc.
Shumaila sells the flowers to the people in her community and also supplies in the local market. She has good communication skills and has a good client list. Shumaila is in her fourth loan cycle and has a good loan history. She wants to grow her business so she requested a loan of 25,000 Pakistani Rupees (PKR) to buy raw material such as fabric, glace and tissue paper, as well as packs of paint in various colors.
In this way, Shumaila will be able to meet the increasing demands of her customers consistently. She wishes to spend part of the revenue to deal with the expenses of her family and to increase her business capital.
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.