Ms Ishrat is 20 years old and married. She has been running a general store with the support of her husband. Her husband has maintained many relationships in the market for buying goods at wholesale rates. They offer various items of goods for daily use. Ishrat has good communication skills and counts a good client list. They are happily doing this together for the sake of their family members.
Ishrat is a mother of five children, all going to school. In order to make her store fully stocked, she needs to purchase sacks of rice, flour, and packs of oil. Due to this, she contacted Kashf Foundation and applied for a loan of Rs. 20000. She has been in association with Kashf for four years. She expects an increase in her net income by catering to more customers time after time. She wishes to utilize part of the revenues to deal with personal expenses and to increase business capital.
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.