Abida is 39 years old and married. She has been successfully operating a small general store with her husband at the corner of their house, which she has been doing for three years. Her husband also assists her by purchasing stocks of goods from the market as he has maintained many contacts over the years.
Abida wants to expand her business so she is requesting a loan for 30,000 PKR, which she will use to buy packs of salts, biscuits, and beverages to meet the increasing demand at her store. She is motivated to provide her family with good quality food, clothing, and health. She is expecting a boost in her earnings and dreams of expanding her business in the future.
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.