Nargis is a 46-year-old married woman. Three years ago, she started her own business selling cloth in her locality to contribute to the family income. Her husband is a welder by profession and earns a low income to support the needs of the family members alone. She purchases a variety of cloths from the main city and then sells them to the people of her vicinity. She has become famous for selling good-quality cloth in her community.
Nargis requested a loan of 40,000 PKR from Kashf Foundation to buy stock of different cloth for the summer season, taking into account the choices and tastes of her customers. In this way, she will be able to earn more income through greater sales. She hopes to have a good experience with this new loan and wants to grow her business. She is in her seventh loan cycle with good credit 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.