Fareeda is a 31-year-old, married woman. She is quite a motivated woman and always wants to do something for the betterment of her family. She has only one child who is school-going.
Four years ago, she initiated her business of cloth sales. She buys cloths of different fabrics, in various colors and designs, from the wholesale market and then sells them to the people of her community. She has a varied customer base and is able to earn enough money through her business.
Fareeda is requesting a PKR 35,000 loan from Kashf Foundation to buy a wide variety of cloths in different colors and designs, to attract more customers and expand her inventory.
She is in her third loan cycle with a good repayment history. Fareeda expects a boost in her earnings with her loan and she plans to spend part of her profits on providing a better standard of living for 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.