Asma is a 39-year-old married woman who lives with her husband and two children. She is involved in the business of selling ready-to-wear clothes, with the help of her husband. Her husband buys a wide variety of clothes in the Faisalabad market, then she sells them to the people of her locality at reasonable prices. She has become very famous for providing clothes of good designs and colors. She wants to expand her business and has applied for a loan of PKR 20,000 to buy a greater variety of clothes in various colors and designs, suitable for the summer season. She wishes to use part of revenues to provide good quality education to her children.
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.