Ms Razia is a 35-year-old married woman. She has been successfully running a business of cloth sales in her area for the last six years. She offers various types of fabric for formal and casual wears. Her collection is much appreciated by the women of her community and she makes enough to contribute to the family income. Her husband works as a laborer and earns insufficient income to support his family alone.
She is a mother of three children; one of them is school-going. She is motivated to provide for her family. She has gradually improved her business with the support of Kashf Foundation. Currently, she is in her 6th loan cycle and applied a loan of 35000 PKR. She intends to utilize this loan amount to purchase more bundles of cloth in various colors and designs, by taking in account the tastes and choices of her customers.
She hopes to increase her net income through her large sales, and wishes to spend part of the profits on the renovation of her house.
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.