At the age of 52, Mussarat is a married woman and the mother of three children. She deals in a business selling different items such as jewelry, hair catchers and cosmetic products to the people of her community. In this way she earns a sufficient amount of income to meet the family's expenses. In order to meet everyday expenditures she needs more income, so she contacted the Kashf Foundation and applied for a loan of PKR 45,000. She will use this loan to purchase more items in bulk such as fancy hair catchers, clips and hair bands along with packs of rings and bracelets. She expects a boost in her sales and profits alongside. She is in her 7th 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.