Nussrat is 40 years old and a vigorous lady. She has been involved in the business of hand embroidery for many years. She makes beautiful patterns for the people of her community. Her designs are much in demand, and she has managed to consolidate a clientele that allows her to contribute to the expenses of her home. She also sews clothes to generate an extra amount of revenue.
Due to a lack of available funds, lately she has been unable to meet the daily demands of her customers. For this reason, she requested a loan of Rs 35,000 from Kashf Foundation. She intends to use this loan amount to buy more spools of thread, packs of sequins, pearls and buttons, in different colors. These things will allow her to compete the orders of her customers, on time. She is in her second loan cycle and has 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.