Ms Naseem is a 48-year-old married mother who has been successfully running a small general store in her community. She sells a variety of everyday goods using her good communication skills and relying on a good list of clients. Her husband sells ice cream from his bicycle and earns insufficient income to support the needs of the family. Naseem is a mother of two children and is motivated to provide for their needs. As she wants to grow her business, she has requested a loan of 25,000 Pakistani rupees (PKR) to buy stocks of rice and flour from the market at lower prices. With these, she will be able to consistently meet increasing demand. She is in her second loan cycle and has a good repayment history. She wishes to utilize part of the revenues to cover personal expenses and to increase the 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.