Shazia, 26, is a married woman. She is running a business of milk sales with the support of her husband. She has three cows and sells their milk to many of her neighbors, along with butter and cheese that they make from the milk. She looks after the cows and performs the task of collecting milk from them while her husband sells it to different places on a daily basis. She makes a good amount of income to contribute in the family income. She is a mother of five children; two of them are school-going. She needs to earn much more to meet their everyday expenditures including food, clothing and education. In order to make huge profits, she requested for a loan of Rs 50,000 to buy a buffalo to cater to more customers. She hopes to increase production capacity of milk which ultimately helps in generating more cash. She is in her sixth loan cycle and has shown good repayment behavior.
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.