Shugufta is a 60-year-old, married woman and the mother of three. She has been running a business trading clothes for the past four years. She always has a great collection to offer to her customers and earns a good amount of income to bear her household expenditures. She has gradually improved her business with the support of Kashf foundation. Currently she is in her seventh loan cycle and applied for a loan of 40,000 PKR. This will help her to purchase more variety of ladies’ clothes to cater to more customers in her locality. She expects a boost in her earnings and wishes to spend it on the betterment of her family members.
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.