Farrah is a 35 years old married woman. She has been in the beauty parlor business for twelve years. She offers many facilities to her customers such as makeup, hair styling and facials. By providing excellent services she has become very popular in her street. In order to meet with the increasing demands of her customers, she is interested in buying a variety of cosmetic products for the parlor. For this reason, she applied for a loan of 45,000 PKR to buy hair care products, skin products and creams for bleaching and whitening in large quantities. She is hopeful to cater to more customers. She is in her 4th loan cycle with a 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.