Parveen is 50 years old and married. She is in the business of sewing clothes, which she has been doing for many years. She is very familiar with stitching techniques. She initiated her business with the support of Kashf Foundation. At present, she enjoys a great client list and has gained a lot of appreciation and popularity in her community.
To cope with the increasing demands of her customers Parveen is requesting her third loan for 25,000 PKR, which she will use to buy a stock of threads in different colors, packs of buttons, zippers, and needles. The loan will help her to stitch up more dresses in less time.
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.