Masood, age 56, is a married woman and a mother of three children. One of her sons is shown in the photo.
One year ago her son started a business of clothes selling. He buys clothes from Faisalabad and supplies them in the markets of Lahore at higher rates. He wants to increase his business to fulfill the requirements of life, to support his parents and to make his life comfortable. For this reason, Masood contacted Kashf Foundation and applied for a loan of PKR 35,000 to buy variety of clothes of summer season in various fabrics such as lawn, chiffon and some fancy dresses.
Masood is hopeful that this loan will be a productive one for her son and will bring positive changes to his 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.