Abida is 25 years old and works from home as a tailor. She has been in this line of work for four years now and is proud to be contributing to her household income. When Abida was not working, her family went through a severe financial crisis that compelled her to use her stitching skills in a productive manner as her husband was the sole bread winner of the family. Abida felt obligated to change her family’s living standards and started working from home. Her hard work helped her establish a good clientele, but she is struggling to fill large orders. She contacted Kashf Foundation and applied for a loan of 25,000 PKR. It will allow her to buy a new stitching machine and some spools of different colored thread. 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.