Zubaida is a 56-year-old married woman. She has successfully been running a small general store in the corner of her house, and she has two years of experience in this field. Her husband assists her by purchasing stocks of goods from the market, as she has maintained many contacts over the years.
Zubaida is the mother of four children, and she is motivated to provide her family with good quality food, clothing, and health. She wants to grow her business, so she requested a loan of 40,000 PKR to buy packages of salt, biscuits, and beverages, in order to meet the growing demand from her customers.
Zubaida is in her third loan cycle and has a good repayment history. She is expecting a boost in her earnings and dreams of expanding her business in the future.
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.