Kaneez is a 44-year-old woman and the mother of five children. She is trying hard to fulfill their demands, including food, health care, clothing and education. She has been operating a business of making artificial flowers for the past seven years. She offers various handmade artificial flowers in different colors, which are used for decorating homes and rooms. She has become well-known for providing good quality colorful flowers in her community. In order to meet the orders of her customers, she needs to purchase raw materials such as silk cloth material, glace paper and tissue paper along with packs of glues and wires. For this reason, she contacted the Kashf Foundation and has applied for a loan of PKR 20,000. In this way, she will be able to increase her sales and profits.
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.