Rahat, age 45, is a married woman. She has been running a business of milk selling for the last 10 years. She has one buffalo and sells milk to many of her neighbors. She performs the task of collecting milk from it, and sells it at different places on a daily basis. In this way she obtains decent profits. She uses the income to support her family. She has four children. In order to make more profit, she has requested for a loan of 50,000 PKR to buy one more buffalo to cater to more customers. She hopes that this loan will help in generating more income.
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.