Sulma is a 31-year-old married woman. Ten years ago, she started her own business selling cloth. In order to bear her children’s expenses, she needs to help her husband financially. She buys fancy cloth from the market in bulk at lower rates and sells them in her community. She counts a good client list. Most of her clients are her neighbors. She has gradually improved her business, and now she requested a loan of 40,000 PKR. She is going to use this loan to buy an ample variety of fancy embroidered cloth in a larger quantity to add to her current ones. It will help her to meet the demands of her customers consistently. She is in her sixth 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.