Rani is a 34-year-old married woman and the mother of four. She is a hard-working mother who provides tailoring services in her community. In this way, she is helping her family as her husband’s income on its own is not sufficient to meet their expenses. She is very knowledgeable about the techniques of stitching. Her regular customers are her neighbors and the local community. She earns enough to lead a decent life.
To help Rani to continue operating her business, she has requested a loan of 40,000 PKR to buy more spools of thread, ribbons, lace, cloth and buttons so she can stitch more dresses on time. In addition to repaying the loan, Rani will use part of the revenue to deal with personal expenses.
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.