Humaria is a 30-year-old married woman. She has been selling bangles for many years. She buys bangles from wholesale markets at lower rates and then sells them to the people of her community for a profit. Her husband’s income is not enough to fulfill the family's needs. Therefore, she started her own business to contribute to the family income.
Humaria has requested a loan of PKR 40,000 to buy the latest variety of bangles in different colors and designs. This will help her to increase her sales. She is in her 4th loan cycle with a good repayment history. She wants to expand her business to provide a better standard of living for her family.
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.