Ms Raheela is a 40-years-old married woman. According to Raheela, she faced many problems during her early married life. Her husband is a laborer and was not able to cover the expenses for the family alone. Raheela took the initiative to start her business by taking a loan from Kashf foundation. She used that loan in the business of jewelry & bangles selling and steadily improved her business. She is very much satisfied from the support of Kashf foundation.
Raheela is in her 8th loan cycle and has shown excellent repayment behavior. Now Raheela has applied for a loan of Rs 40000 to buy more packs of earrings, bracelets, necklaces and bangles in various designs and colors. Raheela enjoys a great client list and has gained a lot of appreciation and popularity in her community. She hopes to have more profits and hence can better support her family.
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.