Latifan is a 42-year-old married woman. She works hard to provide better living standards to her nine children by selling wooden sticks. Wooden sticks are used in manufacturing furniture. Her husband purchases from the market and then she sells them in the furniture market. She has become famous by providing good quality wooden sticks and has retained many customers. She earns enough to support a decent life.
For the further improvement in her business she requested for a loan of PKR 50,000 to buy more bundles of wooden sticks to inflate her sales. She is in her fifth loan cycle with a good repayment schedule. She is very experienced in her business and confident that her business will move in a positive direction as a result of the loan investment.
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.