Mahtab is 50 years old and married, with five children. She has been using her skills in embroidery work to provide for her family for the past 30 years. In the initial years she struggled to make enough profit to cover her expenses. However, today she is very popular around her town for her excellent designs.
Mahtab is in her fourth loan cycle with good credibility. She has requested a loan of 45,000 PKR to purchase the latest embroidery machine. She says that to meet the increasing demand for her embroidered cloth, she requires a machine with greater capacity and better technology. She hopes that her business prospers in the coming years and she is able to provide a better life for her 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.