KASHF FOUNDATION
Status: Completed investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Kashf Foundation is a Pakistani microfinance institution established in 1996 targeting women micro-entrepreneurs to get access to finance. It is one of the oldest and largest NBFIs in Pakistan and provides microcredit, insurance, business development services and social advocacy interventions aimed at creating awareness about gender discrimination and social issues at the community level.
What is our funding objective?
Purpose of the facility is to fund the growth of Kashf’s lending activities dedicated to women micro entrepreneurs.
Why do we fund this investment?
FMO supports an institution that empowers poor women in a country that ranks 147 out of 188 countries in the gender inequality index of the United Nations Development Programme . Kashf aims to bridge the financing gap for women by contributing both on the supply and the demand side of financing women owned micro enterprises. Furthermore, Kashf has 14% of its portfolio in small-scale agri and plans to expand to rural areas, thereby providing access to underserved micro enterprises in Pakistan.
What is the Environmental and Social categorization rationale?
Kashf Foundation provides loans to micro or very small businesses therefore has positive social and limited environmental footprint.
More investments
| Date | Total FMO financing |
|---|---|
| 10/27/2021 | EUR 0.05 MLN |
| 8/12/2019 | USD 5.00 MLN |
- Website customer/investment
- http://kashf.org/
- Region
- Asia
- Country
- Pakistan
- Sector
- Financial Institutions
- Effective date
- 11/27/2017
- End date
- 6/16/2022
- Total FMO financing
- USD 5.00 MLN
- Funding
- MASSIF
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - C