Raheeela is a 23-year-old woman. She has been doing a business of stitching for the past two years. She initiated her business to contribute to the family's income. She very well knows the techniques of stitching and has a good client list. Her husband is working in a factory.
However, due to lack of availability of funds, Raheeela is unable to meet the daily demands of her customers. She is currently in her second loan cycle and has borrowed PKR 25,000 from Kashf Foundation.
She intends to use this loan to buy raw materials, including cloth and spools of thread in different colors. In this way, she would be able to increase her sales which would ultimately help in generating more income.
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.