Mugdelain is a 50-year-old married woman. She has run a business of buying and selling animals for many years with her husband (who is also shown in the photo). She buys baby goats and calves at low prices, brings them up, then sells them out in the market at a higher price.
Her business is good enough to provide her with a decent life, and she has improved her business to meet her day-to-day expenses. For the further improvement of her business, Mugdelain has contacted the Kashf Foundation and applied for a loan of PKR 40,000 to purchase one more goat and a calf.
Mugdelain is in her seventh loan cycle with a good repayment history. She hopes to grow her business and dreams of providing a better standard of living for her family members, through all her hard work in her business.
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.