Ms. Salma is 35 years old, active and the mother of three children, and she has earned a living for many years by making clothing. She works for many people in her community and uses the income she earns to support her family. However, due to a lack of funds she is unable to satisfy the daily demands of her customers. For this reason she has requested a loan for Rs 20000 from the Kashf Foundation to buy more spools of threads in different colors along with packs of lace, zippers and buttons. This will allow her to increase her income. This is her first loan and she is thankful to Kashf for its tremendous support.
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.