Razia is a 52-year-old married woman. She has been running a business of envelope making for many years. She makes a large quantity of envelopes in different sizes at home and sells them in the local market. By this time she has attained a regular list of customers and makes enough to contribute to the family income.
To help her continue operations of her business, Razia requested a loan of 35,000 PKR, which she will use to buy bundles of good quality paper with some glue and floral tapes to increase her sales. She is in her 5th loan cycle with a good loan history. She expects an increase in her business income and wishes to spend a part of the profits to provide a good quality education for her 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.