Ms. Haleema is 50-year-old married woman and is a dedicated mother of two children. She has been efficiently doing a business of milk selling and cattle rearing for many years now. She has one buffalo and two calves. She also purchases small calves and sells them near the Eid-ul-Azha (a religious event in Muslim countries like Pakistan). She earns a good profit from her business.
In order to grow her sales, she needs to purchase another buffalo. For this reason she contacted Kashf Foundation and applied for a loan of Rs. 30,000. It will ultimately help in increasing production of milk. She is in her 5th loan cycle with a good repayment history.
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.