Parveen, age 43, deals in the business of animal sales. She buys animals (baby goats and calves) at low prices, raises them and then sells them out in the market at higher prices. She makes enough through her business to contribute to the family income. She also sells milk to generate an extra amount of income. She needs to improve her business to cover her household expenses. For this reason, she contacted Kashf Foundation and applied for a loan of PKR 40,000 to purchase baby goats and calves. She is very experienced and has good contacts in the market. With this loan, she will definitely expand her business and income level. She is in her third loan cycle and has shown good repayment behavior.
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.