For the growth of her husband’s business, Faria has requested a Murabaha loan of 25000 PKR. This will allow him to purchase good quality timber, metal, and slate so he can meet his customers’ demands without any delays.
More information about this loan
This Murabaha loan is meant for borrowers living in the Khyber Pakhtunkhwa province of Pakistan, located in the north-west of the country and bordering Afghanistan. Parts of this region remain volatile due to militant activity. This loan is designed to comply with Islamic Law, and therefore doesn’t include interest. Instead, Kashf Foundation will purchase goods for the borrower and charge them a small markup fee. For more information on Islamic microfinance, please click here.
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.