Asia is a 35-year-old married woman and a mother of four. She has been making shoes for many years. She is passionate about her work, and client demand is strong, but business challenges, combined with family expenditures, frustrate her nearly every day.
To meet customers’ demand consistently she has requested a loan of Rs 25,000 from the Kashf Foundation. She intends to use this loan to purchase good quality leather, plastic leather, and the spools of threads and laces to increase sales. She is in her 6th loan cycle and has a good repayment history. She wishes to spend part of her earnings on the betterment of her family members.
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.