Ruqiya is a 33-year-old married woman. For the past twelve years she has been selling spices which are used in cooking food with the support of her husband. She purchases spices in bulk from the wholesale market and then packs them in various sizes. Her husband assists her by selling them door-to-door. She has become famous by providing good quality spices in her locality and earns enough to have a decent life.
She needs to earn more to bear the daily expenditures of her family members. For this reason she requested for a loan of 60,000 PKR to buy a stock of salt, red chilies, black pepper and turmeric in large quantities. She is in her 7th loan cycle and has shown good repayment behavior. She wishes to utilize her earned profit on the betterment of her family members.
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.