Balqees, a 50-year-old lady, has 7 children. Her husband (also shown in the photo) has been selling vegetables in his locality, with Balqees’ assistance, for 7 years. They use the income to support their entire family. She is in her 8th loan cycle and has shown a good repayment history. She has now requested for an amount of 40,000 PKR. She intends to use this loan amount to buy vegetables including onions, tomatoes and potatoes to create a means of increasing revenue so that she may able to generate healthier source of income. She is thankful to Kashf for the loan and is hopeful that it will help her in increasing her sales and profits.
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.