Ms. Rasheedan is a 56-year-old widow and a mother of six children. She has been sewing gloves for the past three years. In her initial days, she worked with one machine only, but now she has a set of machines. Her daughters also assist her in her business to complete the orders on time.
Being a single parent, she is liable to provide her children with the basic necessities of life. She is trying hard to fulfill their demands including food, healthcare and clothing.
Rasheedan has gradually improved her business with the support of Kashf Foundation. She has been in association with Kashf since two years ago.
To cope with the increasing demand of her customers due to the winter season, she applied for a loan of Rs. 10,000 to buy a new machine with the spools of thread in different colors. In this way, she will be able to complete orders on time, which will ultimately help in bringing more cash into the home.
Rasheedan is thankful to Kashf for its tremendous support.
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.