Rafiqan is a 47 year-old married woman and the mother of seven children. She has a small business of animal selling. She has been doing this business for the last many years. She buys kids (baby buffalo) at a lower price and brings them up. Then she sells them at a higher price. She wanted to increase her income. For this purpose, she has to buy some more buffalo, so she contacted Kashf Foundation for a loan of Rs. 45,000 to purchase more kids (baby buffalo). She is very experienced and has good contacts in the market. With this loan she will definitely expand her business and income level. It’s her 8th loan cycle with 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.