Ms. Iqbal is a 53-year-old married woman. She has been running a business selling cloth, bed sheets and blankets for many years. She buys a variety of these things from the main city and then sells them to the people of her community, and she earns a good profit through her business. Iqbal has applied for a loan of PKR 35,000 from Kashf Foundation to buy a stock of different cloths for the summer season, together with packs of bed sheets in various designs. In this way, she would be able to earn more income from greater sales. She is in her fifth loan cycle with a good repayment history. She hopes to have a good experience with this new loan and wants to grow her business. She dreams of giving a good quality education to her children through all her hard efforts in 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.