Ms. Parveen is a strong and healthy 31-year-old married woman with three children. She has had a hand embroidery business for the past five years. She decided to start her business in order to meet the needs of her family members. Her husband is employed as a sales person and his income is not sufficient to cover the family's everyday expenditures. Parveen is contributing to the family income and is respected a lot in her home for all her hard work. She is confident that she can give her family a decent life.
Parveen wants to grow her business. She has requested a loan of 15,000 PKR to buy raw materials such as threads, sequins and glitter in large quantities to meet the increasing demand. Her dream is to expand her business to the local market which will ultimately help in making her family's standard of living better.
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.