Irshad is 51 years old and a married woman; she has been running a business of milk sales with her husband for many years. She has two buffaloes in milk and sells their milk to many of her neighbors, along with butter and cheese that she makes from the milk. She has become famous by providing good quality milk and has retained regular customers.
Irshad has five children and needs to earn much more to meet their everyday expenditures including food, clothing and education. In order to make bigger profits, Irshad requested a loan of Rs 40,000 to buy one more buffalo to cater to more customers. She wishes to utilize part of revenues to deal with personal expenses and part to increase business capital.
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.