Safia is a 49-year-old, married woman. She works hard to provide the basic necessities of life to her eight children. She has been running a small general store, for many years. Her general store is located at the corner of her house, where she offers a variety of grocery items for daily use at reasonable prices. She has become famous by providing good quality products, and has retained many customers who regularly shop at her store.
To make her store fully stocked, she requested a loan for Rs 35,000. She will use the loan to purchase packs of salt, sugar, rice, flour, and dozens of eggs. She is in her ninth loan cycle with Kashf Foundation, and she hopes to have a good experience with this new loan.
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.