Raeesa is a 42-year-old hard-working married woman and a mother of five. She began a box making business in her house 7 years ago. She decided to work with her husband to support her family for a better future.
Raessa is experienced in making different types of boxes. However, due to lack of availability of funds, she is unable to meet the increasing demands of her customers. Raeesa has now requested to borrow PKR 35,000 to buy raw materials, including hardboard and cardboard paper of different colors, in bulk quantity to create a means of increasing revenues so she may be able to generate a healthier source of income. She is currently in her 7th loan cycle and has shown a good repayment history. She hopes to have a good experience with this new loan and dreams to expand her business in the near future.
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.