Parveen, aged 53, is the mother of five children. She has been successfully running a small general store in her community for the last three years. She is keen to provide her family with the basic necessities of life.
As Parveen wants to grow her business, she has requested a loan of 60,000 PKR to buy stocks of rice, sugar, grains, peas and flour from the market at lower rates. She will then be able to consistently meet the increasing demand. Parveen is in her seventh loan cycle and has shown excellent repayment behavior.
Parveen wishes to utilize part of the revenue to deal with personal expenses and also to increase her business capital.
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.