LAHORE: Microfinance Institution Kashf Foundation announced its partnership with global non-profit organisation Kiva, a platform dedicated to connecting global audiences through online lending.
The association will provide funds for on-lending to give a higher number of loans to female entrepreneurs of low income households.
Kiva lets individuals lend as low as $25 to help create opportunity around the world and ensures that every dollar lent goes directly towards funding loans. The organisation has committed to a facility of $3.2 million over the next two years which it will raise through online donations.
Kiva has worked with microfinance institutions in five continents to provide loans to people without access to traditional banking systems. As the first specialised microfinance program in Pakistan, Kashf Foundation is currently operating in 27 districts in Pakistan through a network of 157 branches.