Qubra is a 38-year-old married woman. She has been running a business selling animals. She buys animals (baby goats & calves) at low prices, raises them and then sells them out in the market at higher prices. At present she has three cows and two goats, and makes enough to contribute to her family's income. She also sells milk to generate extra income.
Qubra needs to improve her business to bear her household expenses, and therefore contacted Kashf Foundation and applied for a loan of 40,000 PKR to purchase more animals. She is very experienced and has good contacts in the market. With this loan, she will expand her business and income level. She is in her 6th loan cycle with a good credit 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.