Razia is a 37-year-old married woman. She has been in a business of a beauty parlor for a period of about eight years. She offers many facilities to her customers such as makeup, hair styling and facials. Through her best work providing services, she has become very famous in her street.
In order to meet with the increasing demand of her customers, she is interested in buying more variety of cosmetic products for the parlor. For this reason she has applied for a loan of 40,000 PKR (Pakistani rupees). It will allow her to buy hair-care products, skin products and creams of bleaching and whitening in large quantities. She is hoping to cater to more customers time after time. She is in her fifth 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.