Ghazala is a 24-year-old married lady who has been running a small general store in her community for many years. She offers a variety of grocery items at reasonable prices and has attracted many regular customers to her store. She makes enough money to provide for her family.
In order to fully stock her store, Ghazala has requested a loan of 45,000 Pakistani rupees, which she will use to buy stocks of rice, sugar and flour from the market at low prices. In this way she will be able to consistently meet increasing demand. She is in her fourth loan cycle and has a good repayment history. She wishes to make use of part of her revenue 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.