Rukhsana, age 31, is a married woman. She has been running a business of hand embroidery for many years. Through her work she has become very famous in her street.
In order to meet the increasing demands of her customers, she is interested in buying more material such as spools of threads along with packs of sequins, stones and pearls. But because she has a low stock of cash in hand she contacted Kashf Foundation and applied for a loan of PKR 25,000. She is hopeful of being able to cater to more customers time after time. She hopes to have a good experience with this new loan.
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.