Rasheeda is a 46-year-old married woman and the mother of three children. She has been providing a flour grinding service in her community to contribute to the family income. She has gained three years of experience in this field, and over that time, she has become famous for providing fine quality flour. In order to purchase a new grinding machine, Rasheeda contacted Kashf Foundation and applied for a loan of PKR 55,000. The purchase of a new grinder with the loan proceeds will help her cater to more customers over time, which will ultimately help in generating more cash. Rasheeda wishes to spend part of the profits on the betterment of 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.