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Annual Report 2005
Kashf’s Vision
…..Financial services for all!
Kashf’s Mission
…..is to alleviate poverty by providing quality and cost effective microfinance services to low income households, especially women in order to enhance their economic role and decision-making capacity.
Table of Contents
President’s Message
Compared with the previous year, the market for microfinance has undergone a rapid shift. There has been a marked increase in the number and the typology of players, particularly in terms of the entry of four new microfinance banks. However, despite this new development, scale continues to be a major challenge for the market. An analysis of the Punjab market has revealed that the total number of potential households that can access microfinance is about 5.6 million, with 1.6 million in the urban areas and 4 million in the rural areas. At the same time, the overall market penetration in the Punjab is 12%, implying that 88% of the market is still untapped. Given this scenario, we will continue our efforts to demonstrate scale with sustainability in the sector and ensure access to finance becomes the rule rather than the exception.
This analysis is further exacerbated when one reviews women’s access to financial services, in Punjab only 40% of the total clients that are provided access to microcredit service ...