Kashf Foundation

In brief

Kashf Foundation is an existing client of Finnfund, and the previous facility matured in early 2024. With the new loan, Kashf will continue on-lending business loans to its customers. Kashf is registered as a Non-Banking Micro Finance Company, and it is regulated by the Securities and Exchange Commission of Pakistan. Its customers are low-income households, especially women. Financial services include appraisal-backed individual lending along with other non-financial services that have a transformative impact at the household level. Non-financial services include capacity building by offering skills development training to better understand the products and services.

Main development impact

Kashf serves low-income women and women-led households with high dependency ratios. It also enhances women’s workforce participation as employees and managers. Kashf enables women equal rights to economic resources, as well as access to ownership, and financial services.

Investment details

Name: Kashf Foundation
Project number: 80000169
Region: Asia
Country: Pakistan
Sector: Financial institution
Signing date (month/year): March 2024
Currency: USD
Finnfund's financing (commitment): 10,000,000
Instrument: Loan
Size of the project financing: USD 20,000,000
Share of Finnfund's financing (%): 50 %
Status: Active
Website: https://kashf.org/

Please note, that in principle, this information is given at the time of signature according to Finnfund's disclosure policy. However, in the case of investment funds, the share of Finnfund’s financing (%) is disclosed after the fund’s final closing, and information on the portfolio companies financed by the fund is updated at least once a year.

Other investments

Name Country Signing date (month/year) Currency Finnfund's financing (commitment) Instrument
Kashf Foundation Pakistan December 2020 USD 10,000,000 Loan
March

Key facts

Name:

Kashf Foundation

Sector:

Financial institution

Region:

Asia

Country:

Pakistan

Currency:

USD

Finnfund's financing (commitment):

10,000,000

Signing date (month/year):

March 2024

Last update:

September 2024