Moonda is a 58-year-old widow. After the death of her husband, she felt it obligatory to provide the basic necessities of life to her family. So she started a business selling bed sheets to the people of her community to earn a good amount of money. Moonda has become famous among her neighbors for her collections and has a good client list. She has gradually improved her business with the support of Kashf Foundation; currently she applied for a loan of 40,000 PKR to purchase good quality bed sheets and covers in different colors and designs. She hopes to earn substantial profits through this investment. This would lead her to live a decent life and improve her standard of living.
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.