Saima is a 31-year-old, married woman. Her husband is employed in a small factory, but his income is not sufficient to meet the daily expenditures of the family. Four years ago, she started her business of sewing clothes to contribute to her family's income. She is familiar with stitching techniques and took her first loan to buy a sewing machine. At present, she enjoys a great client list and has gained a lot of appreciation and popularity in her community. To cope with the increasing demand of her customers, she requested a loan of Rs 20,000 to buy a stock of threads in different colors along with packs of buttons, needles and ribbons. With these supplies she would be able to meet the demands of her customers without fail. She hopes to grow her business and dreams of providing a better standard of living to her family members.
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.