Safia, age 41, is a married woman and the mother of two children; both are school-going. She deals in selling blankets to the people of her community. She purchases a variety of blankets from the wholesale market and then sells them to the people of her community. She always has a great collection to offer to her customers and earns a sufficient amount of income to contribute to the family income. She has gradually improved her business with the support of Kashf Foundation.
Currently Safia is on her fifth loan cycle and applied for a loan of Rs. 45,000. This will help her to purchase a variety of blankets in various colors and designs to grow her sales. She expects a boost in her earnings and wishes to spend part of profits on providing quality education for 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.