Ms Farooq is a 34-year-old, married woman. She is the mother of one child and is motivated to provide all facilities of life to her family. She has been running a small general store in her community for the past five years. Her husband assists her in running this business. The man shown in the photo is Farooq’s husband. She has good communication skills and counts a good client list.
Because of having low cash in hand, she has faced difficulties in buying a stock of goods from the market at wholesales rates. That is why she requested a loan of PKR 30,000. She will use the loan to purchase a stock of sugar, rice and other grains, to resell at her general store. With the help of this loan, she will be able to meet the increasing demands of her customers timely, which ultimately will help her to generate more revenue. She wishes to utilize part of her profits to deal with personal expenses and to increase business capital. She is thankful to Kashf for its tremendous support.
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.