Mrs Murad is a 39-year-old, married woman. She has been in the business of rice selling for the past two years. She has become famous in her community for providing the best quality rice. Her husband is employed in a small factory, but he earns insufficient income to support his family alone. Murad is a mother of six children and is motivated to provide for her family.
As she wants to grow her business, she requested a loan of Rs 30,000. She will use it to buy a stock of rice, of various kinds, from the market at lower rates. With this inventory, she will be able to meet the increasing demand, consistently. She is in her fifth loan cycle and has shown excellent repayment behavior. She wishes to use part of her increased revenues to deal with personal expenses, and part to increase her 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.