Imtiaz, age 38, is a married woman. She has a business selling embroidered cloth in her locality. Her husband is a labourer and earns a low-salary income to bear their household expenses alone. Imtiaz has seven children. She is working hard to fulfill their basic necessities.
Imtiaz has 10 years of experience, and by this time she has retained a good number of customers. She always has a great selection to offer to her customers. With the support of Kashf Foundation, she has gradually improved her business. Currently she requested a loan of 45,000 PKR to purchase a variety of cloth for the new season. It’s her 4th loan cycle, and she has shown good repayment performance. She is very experienced in her business and confident that her business will move in a positive direction as a result of this loan investment.
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.