Naseem is 42 years old and married, the mother of five children.
She has run a small general store in her community for many years, with the support of her husband. She offers a variety of grocery items at reasonable prices, and she has retained many customers who regularly shop at her store. She makes enough to provide for her family.
To stock her store more fully, Naseem has requested a loan of PKR 40,000 that she will use to buy stocks of rice, sugar and flour from the market at lower rates. In this way she will be able to meet the increasing demand consistently.
Naseem wishes to use part of her revenues to increase her business capital. She is in her sixth loan cycle with a good repayment history.
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.