Maqsood is a 59-year-old widow and the mother of two children. She wants to take out a loan for her son (the man shown in the picture), who has run a small tailoring shop for the last 13 years. He is motivated to provide all facilities of life to his family. He has good communication skills and counts on a good client list. In the beginning of his business, he faced many problems because of a lack of business knowledge and experience. But now he has learned both and developed his business. Maqsood has requested a loan of PKR 25,000 to purchase raw material like packs of buttons, spools of thread, collars. etc. for her son's business. With the help of this loan, he would be able to meet the increasing demands of his clients and generate more revenue. Maqsood is hopeful that this loan will be a productive one for her son and will bring positive changes to his business.
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.