Sugran is 39 years old and a married woman. The man shown in the photo is Sugran’s husband, who is running a business of selling clothes to the people of their locality on his motorcycle. He buys clothes of different fabrics in various colors and designs from the market at wholesale rates and then sells them to the people of their community.
For the improvement of her husband’s business, Sugran has applied for a loan of 50,000 PKR (Pakistani rupees). It will help him to purchase a variety of clothes of the summer season. Sugran is hopeful that this loan will be a productive one for her husband and will bring positive changes to his 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.