At the age of 51, Nusrat is successfully running a business of popcorn sales. She deliciously makes popcorn at home, and after packaging, she supplies the popcorn in the local market. She has been doing this for many years and makes a good amount of income through her business.
To increase her supply, she needs to purchase another machine for popcorn making, with some packages of salt and unpopped corn. So she took her fourth loan, in the amount of Rs. 45,000, from Kashf Foundation. She expects a boost in her net income and wishes to spend the income on providing a better standard of living to her four children.
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.