Nadia is a 35-year-old married woman. She has been successfully running a small shop of lace and thread with her husband at the corner of her house. She has five years of experience in this field. Her husband also assists her by purchasing a variety of supplies from the market as he has maintained many contacts for years. She is the mother of four children and is motivated to provide her family with good quality food, clothing and health. She wants to grow her business so she requested a loan of PKR 40,000 to buy spools of thread in larger quantities along with packs of lace, ribbons and buttons to meet the increasing demands of her customers. She is expecting a boost in her earnings and dreams of expanding her business in the future. She is in her third loan cycle and has shown good repayment behavior.
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.