Waseem is a 39-year-old vigorous lady; she has worked in sewing sofa covers for many years. She sews for the people of her community and uses the income to support her entire family. By the time she has attained regular list of customers but due to lack of availability of funds she is unable to meet with the daily demands of her customers. For this reason she requested a loan of Rs 40,000 to Kashf Foundation. She intends to use this loan amount to buy more spools of threads along with the bundles of cloths in different colors. It will allow her to complete the orders of her customers on time. She is in her 5th loan cycle and has shown good 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.