Iqbal is a 57-year-old married woman. Two years ago, with the support of her husband, she started a business selling livestock to meet their household expenses. In time, she has become famous in her town for meeting the demands of her customers on time. She has applied for a loan of 35,000 PKR through Kashf Foundation. With this loan, she will be able to purchase more cattle. She wishes to spend part of her profits on providing a better standard of living for her family members.
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.