Jindan is a 52-year-old married woman, and has five children. She has been weaving sweaters for almost 8 years now. She works hard on her weaver every day so she can earn a living for her family to provide food, healthcare, and education.
Jindan is requesting her sixth loan from Kashf Foundation for 50,000 PKR, which she will use to purchase bundles of wool and threads in different colors. With the loan, she hopes to increase her sales. She has gradually improved her business with the support of Kashf Foundation and has had positive repayment behavior.
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.