Kaneez has successfully built her business stitching clothes with the support of Kashf Foundation and Kiva. She earns sufficient income to contribute to the family expenses. Previously, with the help of Kiva loans, she purchased the required raw material for meeting the demands of her customers. Kaneez is in her fourth loan cycle and has applied for a loan of 40,000 PKR. She will use this loan to purchase more spools of thread, cloth, ribbons, and packs of needles and buttons. This will allow her to stitch up more dresses on time to generate a healthier income.
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.