Rihana is a 34-year-old married woman. She has been providing the services of home-cooked food for many years. Rihana enjoys making food and she has become famous in her town for providing this service. She takes orders from nearby hotels and people in her community and earns enough to lead a decent life. Her husband assists her in taking orders from customers and then delivers them to respective places.
She is a responsible mother of five children and needs to earn more to pay for daily expenditures. Currently, she has requested a loan of 45,000 PKR to buy stock of rice, flour, oil, and salt at lower rates from the market. In this way, she will be able to increase her sales. Rihana wishes to utilize her earned profit for business expansion.
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.