Naseem, a 46-year-old married mother of six children, has been selling ready-made shirts for many years. She has become famous in her locale and earns good income that contributes to the family's well-being.
To meet with increasing customer demand, Naseem needs to purchase ladies' shirts in various colors and designs from the wholesale market. For this, she has requested a loan of PKR 40,000, which will help her increase sales and profits. This will be Naseem's fifth loan, and she 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.