Mughlani is 40 years old, married and has six children. Two of her children go to school and her eldest daughter is getting married in six months. Mughlani and her husband have been in the milking business for ten years now. When the loan officer from Kashf found her, she only had one sick buffalo, none of her children went to school and she was planning on selling her buffalo so that she could buy food and clothing for the family. The loan officer advised her against this and informed her about the opportunities Kashf had to offer. Today she is in her fifth loan cycle and has two healthy milking animals at home. She wants to buy another buffalo so she requested a loan of Rs.25,000, which will help her increase the milk supply in her town. She is happy to be able to provide her family a living standard that she thought she had lost forever.
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.