Nazia is a 25-year-old married woman who financially helps her husband. Four years ago, she took the initiative in her area and started a school that offers educational services to poor students at cheap rates so they can have a better future. Nazia is satisfied by doing this sort of business as it is beneficial for her household and society as a whole.
Nazia applied for a loan of PKR 35,000 through Kashf Foundation to purchase furniture, such as chairs and tables, for her school to accommodate more students. She is hopeful to have more students in her academy in the coming days.
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.