Summary: The Microcredit Summit Campaign welcomes Kashf Foundation as the newest Campaign Commitment member, joining a global coalition to help 100 million families lift themselves out of extreme poverty.
Washington, DC – The Microcredit Summit Campaign welcomes Kashf Foundation as the newest Campaign Commitment member, joining a global coalition of organizations committed to specific, measurable, and time-bound actions to advance the Campaign’s goal of helping 100 million families lift themselves out of poverty.
Kashf Foundation focuses on empowering its clients with small loans in conjunction with financial education and capacity building training. The foundation works specifically with women in Pakistan in five key entrepreneurial sectors to enhance their means of income. However, it is not enough to simply disburse more loans and train more people. Kashf Foundation recognizes that they need to evaluate the results of their work to better understand the outcomes for their clients. Along with the Centre for Research in Economics and Business, Kashf Foundation will develop a randomized trial evaluation to be completed this year that will help to maintain a customer-centric focus.
“This commitment re-affirms Kashf Foundation’s raison d'être i.e. keeping the client at the center of product research and delivery to ensure a holistic transformation in the lives of low-income households” - Roshaneh Zafar, Managing Director Kashf Foundation
Kashf Foundation has announced its Campaign Commitment as follows:
The Campaign looks forward to welcoming this new partner in the global coalition and sharing their progress towards the Commitment achievement at the 17th Microcredit Summit. This year's Summit will be held in Merida, Mexico in partnership with the Ministry of Economy (Mexico) and its National Microentrepreneur Financing Program (PRONAFIM) and will focus on the theme of "Generation Next: Innovations in Microfinance."
Read the Kashf Foundation Commitment letter here.
The Microcredit Summit Campaign (the "Campaign"), a project of RESULTS Educational Fund, is the largest global network of institutions and individuals involved in microfinance and is committed to two important goals: 1) reaching 175 million of the world’s poorest families with microfinance and 2) helping 100 million families lift themselves out of extreme poverty. The 100 Million Project (focused on Goal 2) was launched in response to World Bank President Jim Yong Kim’s call to end extreme poverty by 2030 and in recognition that full financial inclusion can only be achieved by targeting the extreme poor. The coalition of Campaign members announcing Commitments is aimed at motivating microfinance stakeholders to provide products and services that reach the extreme poor and facilitate their movement out of poverty.
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