Ms Azra is 33 years old and married. She is running a small general store in her community. She offers various items of goods for daily use. She has good communication skills and counts a good client list. Her husband is employed in a small factory, but earns insufficient income to support his family alone.
She is the mother of six children. She is motivated to provide for her family. She wants to grow her business, so she is requesting a loan of Rs 40,000 to buy stocks of rice and flour from the market at lower rates. She then would be able to meet the increasing demand consistently. She is in sixth loan cycle and has shown excellent repayment behavior.
She wishes to use part of the revenues to deal with personal expenses and part to increase business capital.
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.