Shahnaz, age 36, is a married woman and a mother of four children. Her husband is employed in a factory and receives a low salary income. Shanaz has been in the business of animal purchase and sales for many years. She now wants to start a business of milk sales. For this, she needs to purchase a cow so she contacted Kashf Foundation and applied for a loan of PKR 25,000. This will help her to generate more income to bear her household expenses and to expand 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.