Bashiran is a 50-year-old married woman and a mother of four children. She, along with her husband (the man shown in the picture), have been making shoe uppers for the past many years. She supplies these uppers to different factories where they are used in making shoes. She is very experienced in her business and is confident that her business will move in a positive direction as a result of a loan.
Bashiran has requested a loan of Rs 30,000 to buy additional material to make shoes including leather, artificial leather, and plastic soles. She is currently in her third loan cycle with the Kashf Foundation and has exhibited good repayment behavior. She wishes to expand her business and to improve her standard of living.
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.