Farzana, age 47, is a married, vigorous lady. For the past three years, she has been running a business of cloth sales to support her family. She buys cloths of different fabrics in various colors and designs from the Faisalabad market at wholesale rates and then sells in her locality. She has a varied customer base and is able to earn enough through her business.
Farzana requested a loan of 40,000 PKR (Pakistani rupees) from Kashf Foundation to buy a wide variety of gents' and ladies' cloths in different colors and designs to attract more customers and expand her inventory. She is in her fifth loan cycle with a good loan history. She expects a boost in her earnings with her loan and plans to spend part of her profits 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.