Ms. Zubaida is a 48–year-old married woman. She has been successfully running a boutique in her area for the last one year. She offers a variety of dresses by considering the taste and choice of her customers. Due to her business, she is well known in her community and makes enough to lead a decent life. Her husband is working as a laborer and earns insufficient income to support his family alone. Her two daughters also assist her in business.
Ms. Zubaida is a mother of five children. She is motivated to provide for her family. She wants to grow her business and for that she wants to buy more variety of clothes in different colors and designs to add to her collection for the upcoming eve of Christmas. So she requested a loan of 30,000 PKR from Kashf Foundation. She has been in association with Kashf for five years and has shown excellent repayment behavior. She wishes to utilize part of her revenues to deal with her daily expenditures and also for the better growth of her children.
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.