Ms. Tahira is a 44-year-old, married woman. Twelve years ago, she started her own business of selling cloth for bed sheets, pillows and quilts etc., when her husband got severely ill. She buys cloths(fabric) of different designs from the market in bulk at lower rates and sells them in her community. She counts a good client list; most of her clients are her neighbors. However these days she is facing difficulties of low cash in hand. This compelled her to contact Kashf Foundation upon the advice of her neighbor to meet her business requirements. Ms. Tahira is a mother of six children, two of them go to school. She wishes to send her other children to school, but is unable to cover the expenses. Now she has requested for a loan of 45,000 PKR. She is going to use this loan to buy an ample variety of cloths(fabric) in different colors and designs to add to her current ones. She expects aboost in her net income and intends to use the earned profits on her children’s education.
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.