Ms Noor is 43 years old, married and the mother of two children. For many years now, she has earned a living by selling various types of cloth. She buys the cloth from various wholesalers and sells it to her neighbors. She is well-known for selling high quality items. Her husband is pension holder and also works in a showroom but his income is not enough to meet all of the household expenses. That is why Mrs. Noor went into business and how the household pays the balance of its expenses. She has taken out and repaid two previous loans, and is requesting a third for PKR 35,000 to buy a variety of items to sell during the coming season. She believes that this will increase her income and allow her to grow her business.
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.