Ms Tahira is a 30-year-old married woman and a proud owner of a small grocery store in her community. When Tahira suggested the idea of a self-owned business to her husband, he rejected it by saying that she lacks the knowledge and ability to do anything independently. Adamant on proving him wrong, Tahira borrowed money from her brother and injected it into a newly-formed grocery store. Today she is famous in her community for running a store that provides perishables to many households. She has five children, and three are currently attending school. Her current business cash flows do not allow her to enroll her remaining two children in school. Tahira now wishes to increase the amount of inventory in her store by purchasing more packs of beverages, oil, and milk. She has requested a loan worth PKR 30,000. This will enable her to cater to her customers efficiently without delay, which will ultimately help in generating more cash at home.
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.