Ms Ajaib is a 58-year-old married woman. She has one kid and her husband is a driver but his income is not enough to meet the household expenses. She is a hardworking mother who is helping her family by providing tailoring services in her community. She has been doing it for many years. She knows very well the techniques of stitching and earns enough to lead a decent life. To help her continue operations of her business, she requested a loan of 20,000 PKR to buy a stock of threads in different colors and packs of zippers and buttons to meet the increasing demand. In addition to repaying the loan, she will spend the part of income on the betterment of her family members.
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.