Ms. Parveen is a 47-year-old married lady. She has been raising cattle for two years. Her husband works in a marble factory. His income is not sufficient to cover the daily expenses of the household. So, Ms. Parveen decided to engage herself in an income generating activity. She purchases cattle, looks after them, and sells them a few months later to make a profit.
Ms. Parveen is the mother of four children – all of them are going to school. She has been in association with Kashf for two years with an excellent repayment history. She has some savings and applied for a loan of 25,000 Pakistani rupees to purchase more livestock such as goats and sheep. She wants to expand her business in the future.
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.