Shahida is a 37-year-old married woman and a mother of five children. She has been running a business stitching clothes for many years. She knows the techniques of stitching very well. Her regular customers are her neighbors and the local community. She also deals in the work of cloth trade to generate extra income. She earns enough to lead a decent life.
To help her continue operations of her business, Shahida requested for a loan of PKR 30,000 to buy a stock of threads in different colors along with packs of zippers and laces. It will help her meet the demands of her customers on time. In addition to repaying the loan, she will use part of the revenues to deal with personal expenses. She is in her third loan cycle with 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.