Gulnaz is a 36-year-old married woman with four children. She and her husband have been running a business selling milk for 5 years. She has three buffaloes and two cows.
Gulnaz sells milk to many of her neighbors, along with butter and cheese that she makes from the milk. She looks after the buffaloes and performs the task of collecting milk on daily basis. She needs to earn much more to meet their everyday expenditures including food, clothing, and health.
Gulnaz is in her fifth loan cycle with a good repayment history. To increase her sales, she requested a loan of Rs 25000/- to buy one more buffalo to cater to more customers. She hopes to get increase the production capacity of milk, which ultimately helps in generating more cash.
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.