Ms. Sakina is a 55-year-old widow. She has been successfully running a small general store in her community for the last five years. She offers various goods for daily use. She has good communication skills and counts on a good client list. Her husband died ten years ago, and she faced a lot of crises soon after the death of her husband. This compelled her to initiate her own business to support the needs of her children.
She is a mother of one son and one daughter. She is motivated to provide for her family. Her son also helps her in her business. As she wants to grow her business, she requested a loan of 20,000 Rs (Pakistan rupees) to buy stock of rice, grains and flour from the market at lower rates. She then would be able to meet with the increasing customer demand consistently. She wishes to utilize the part of 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.