Ms. Asifa is a 23-year-old married woman. She got married at an early age and faced many problems in running her house. Her husband is employed in a furniture manufacturing shop and earns not enough income to provide his family with bread and butter. Eight years ago, Asifa initiated a business of tandoor (clay oven used for cooking in North India and Pakistan) to support her family.
Asifa has three children. She is motivated to provide them with a beautiful life with good education, food and clothing. She has improved her business to meet the day-to-day expenses of life.
It is Asifa’s third year with Kashf Foundation, and she is happily running her business with the support of it. Now she requested a loan of Rs. 30,000 to purchase sacks of flour with the packs of salt and oil.
She hopes to have an increase in the number of customers and desires to use the earned profits on her children’s education.
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.