Ghazala is a 35-year-old married woman who has been running a crockery selling business for many years. She offers various types of crockery, such as glasses and bowls. Her husband also assists her in selling items to the people of their community and in the local market. She makes a sufficient amount of income to contribute to the family. For the improvement of her business, she contacted the Kashf Foundation and applied for a loan of PKR 40,000 to purchase a variety of crockery, such as tea sets, bowls and glasses in various sizes and designs. She is expecting a boost in her earnings and dreams of expanding her business in the future. This is her third loan cycle and she has a good repayment history.
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.