Abida is a 44-year-old married lady and mother of three children. Her husband is a government employee with a low salary income. It was very tough for Abida to manage her household needs with the small income of her husband. Therefore, she decided to help her husband in earning. For this purpose, she started her business of clothing sales, as she buys clothes of different verities from the wholesale market and sells them in her area.
Now she is playing a very important role for her family. Currently, she requested a loan of PKR 30,000 from Kashf Foundation to buy a wide variety of clothes in different colors and designs to attract more customers and expand her inventory. She expects a boost in her earnings with her loan, and plans to spend part of her profits on the betterment of 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.