Tahira is a 41-year-old married woman. She has been running a business manufacturing iron rods for many years with the support of her husband. She purchases iron in scrap form and after mending it sells it in the local market; buyers use her products to make furniture. She has gradually improved her business with the support of Kashf Foundation. Currently, she is applying for a loan of 40,000 PKR to purchase iron material in a large quantity along with some cutters. She is in her 4th loan cycle and has a good repayment history. She wishes to spend part of her profits on the expansion of her business.
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.