Ms. Rashida is a 37-year-old married woman. She has been successfully running a small business of clothes selling at her home for the last ten years.
She offers various kinds of clothes such as fancy, casual and formal, by taking into account the taste and choices of her customers. Most of her clients are her neighbors, and in time Rashida will become famous in her community through her great collection.
Her husband is a tailor and earns insufficient income to cover the everyday expenditures of the household alone. Rashida is a mother of five children. She is motivated to provide for her family. As she wants to grow her business, she requested a loan of Rs 20,000 to buy more variety of clothes in different colors and designs to add to her current ones. She then would be able to meet the increasing demand consistently.
She wishes to utilize part of the revenues to deal with personal expenses and 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.