Alas is a married, 48-year-old woman. She has devoted herself to providing a better standard of living for her family members by running a business of fabric sales. She purchases cloths in different colors and designs from the main city, and then sells them to the people of her community at reasonable prices. She wants to expand her business, and needs to buy wide variety of fancy lawn and chiffon cloths in different colors and designs. But, due to low capital, she is unable to fulfill the demands of her customers. For this reason she has requested for a loan of Rs. 20,000 through Kashf foundation. In this way, she will be able to offer a wider variety of cloths to her customers for the upcoming event of Eid-ul-Fitar (a religious holiday in Muslim countries). She expects boost in her earnings and wishes to spend it on the betterment of her family members.
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.