Forty-one year old Smina has been running a beauty parlor business for the past four years. Her business has become quite successful and in order to meet with the growing customer base she wants to purchase more products like lightening kits, curlers, hair styling products, better quality facial tools and add another wash basin to the parlor. For this purpose she has requested a loan of 40,000 PKR. She is in her fourth loan cycle. The parlor business has helped Smina to provided a better quality life for her family. She hopes that the growth in this business can help her to provide a good education to her three children.
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.