Ms Naseem is a 50-year-old married woman. She has been running a business of cloth trading; she buys cloths of different varieties from the wholesale market and sells them in her area. Now she is playing a very important role for her family.
She has requested a loan of Rs. 55,000 to purchase a variety of cloth in different colors and materials, according to the season and by taking in account the taste and choice of her customers.
According to Naseem, Kashf has changed her whole life by providing financial support, providing financial literacy training which helps her in getting awareness in every field of life, and has also improved her decision making power.
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.