Asia is a 34-year-old, hardworking woman with five children. For the last seven years, she has been providing a local service stitching clothes. She is quite popular for her stitching skills. Asia’s work brought the family out of a financial crisis that they were facing when she started working. Over the years, she has established a good clientele.
In her second loan cycle, Asia has requested 30,000 PKR to purchase a new stitching machine along with spools of threads and laces in different colors. Asia is very thankful for her previous loans and hopes that this loan will further diminish her family’s financial problems.
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.