Kathreen, age 44, is a mother of three children and has been doing business sewing leather gloves with the support of her husband (also shown in the photo) for many years. By this time, they have attained a good number of customers and earn enough income to meet their household expenditures.
However, due to lack of availability of funds, they are unable to meet the daily demand of their customers. For this reason, Kathreen requested a loan of Rs 40,000 from Kashf Foundation. She intends to use this loan amount to buy more spools of thread, leather and packs of needles to create a means of increasing revenues so they may able to generate a healthier source of income. She is in her 6th loan cycle with good credit 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.