Ms. Noreen is a 34-year-old married woman. She is been in the business of making footballs for years. She makes balls in different sizes and sells them in her community and in the local market. Her husband is working as a laborer in a surgical factory. His income is not enough to cover family expenditures while Noreen earns enough to bear the expenses of her family members.
She is a motivated mother of three; all are going to school. She is wants to provide them with good quality food, education and clothing. She has gradually improved her business with the support of Kashf Foundation. Currently she requested a loan of RS. 30,000 to purchase stocks of threads, rubber bladders and leather covers to increase her sales. She is in her 3rd loan cycle with a good repayment history. She hopes to get an increase in her net income and desires to use part of the profits on her children’s education.
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.