Yasmeen is a 41-year-old married woman, the mother of four children, and she is striving hard to meet their needs, including food, clothing, and health care. Her husband is employed and earns a small salary, so she started her business to contribute to the family income. She has been in the business of sewing for fifteen years. She is very familiar with stitching techniques and has gained a lot of appreciation and popularity in her community. She applied for a loan of PKR 30,000 to buy a stock of thread, together with some packets of buttons, ribbons and zippers in various colors. Then she will be able to meet the demand from her customers without fail. She is in her third loan cycle with a good repayment history. She hopes to grow her business and dreams of giving a good quality education to her children through all her hard work in her 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.