Sameena, age 48, deals in the cloth trade. Two years ago she started her business to earn a good amount of income to contribute to the family income. She buys a variety of cloth from the main city market and sells these to the people of her local community. By this time she has attained good number of customers. At present, she is requesting a loan of 40,000 PKR which will allow her to purchase a greater selection of cloth in a larger variety of colors, taking into account the taste and choice of her customers. Sameena expects a boost in her net income through her increased sales. She is in her fourth loan cycle with a good credit history.
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.