At the age of 26, Asma is an energetic married lady. She is a mother of two children and striving hard to meet their demands including food, clothing, and health. She has been happily stitching clothes to support her family for two years. She is very expert in stitching clothes according to fashion and has gotten a lot of appreciation from her customers. She manages her household while operating her business.
Asma wants to expand her business and applied for a loan of Rs. 20,000 to buy a stock of thread in different colors with some packs of buttons, laces and needles. She wishes to utilize part of the revenues to deal with personal expenses and part to increase 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.